Bobby Eugene Guess, the founder and CEO of Texas First Financial LLC in Frisco, Texas was indicted on charges of operating a $6 million ponzi scheme today. The Texas State Board of Securities announced that Guess raised money for an internet advertising company, StaMedia Inc. in Dallas, Texas. Guess was charged with securities fraud, theft, money laundering and engaging in organized criminal activity for using new investor money to pay off the old investors. Guess allegedly did not disclose to investors that StaMedia had negligible revenue and little net income since 2013, when it was founded. He also allegedly concealed his ongoing federal investigation in his sale of investments. You may be able to recover your investment losses with Bobby Eugene Guess and Texas First Financial by calling our law firm today. The call is free with no obligation. We may be able to help you recover your losses in the arbitration forum. 312-332-4200.
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