Frisco wealth manager who hosted 'Dollars & Sense' arrested on fraud, money laundering charges

[TexasTowelie]

A well-known Frisco wealth manager who hosted a radio show called Dollars & Sense was arrested and booked into Collin County jail on Monday on charges of more than $6 million worth of fraud, money laundering, theft and engaging in organized criminal activity.

In court documents, Texas State Securities Board authorities allege that Bobby Eugene Guess, 65, was selling investments without being a registered securities dealer.

Guess, who authorities say lured retirees and others to his firm's investment forums with fraudulent promises of 9 percent annualized returns, was indicted by a Collin County grand jury on Thursday.

Guess' firm, Texas First Financial, has widely advertised its services on local radio stations, including ESPN Dallas (103.3 FM) and WBAP (820 AM).

Read more: http://www.dallasnews.com/business/business/2016/12/20/frisco-wealth-manager-hosted-dollars-sense-arrested-fraud-money-laundering-charges

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1. Didn't know there was a town in Texas called Frisco.

[TexasProgresive]

2. Sometimes it seems there is a town in Texas the same name as every town elsewhere.

[TexasTowelie]

3. Yes, it is a fast-growing suburb on the north side of Dallas

and definitely is upper middle class. The new Dallas Cowboys training facilities (The Star) are located there. The 2013 population estimate is 137,000 so it is probably over 150,000 now.

[Uben]

4. It's really a suburb of Dallas now

It saw a building boom in the eighties. Literally tens of thousands of houses were built, and there are huge medical complexes there today. It's about built out today and the boom has moved north to the McKinney, Tx area. I'm still about 30 miles northwest and enjoy a nice rural life-style, but it's coming this way. I'll likely be fleeing to a more rural area in the near future. When the sun goes down, I like to hear nature, not cars and trains and loud music.

[WhiteTara]

5. It's right outside Dallas

Hokey little town filled with criminals.

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6. Heehee. Another poster called it an upper middle class town. I prefer your description.

[WhiteTara]

7. Well, it is, though most of it is through

criminal enterprises. White collar of course.

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8. White collar of course. " Hokey little town filled with criminals" has such a nice ring to it.