SEC v. Jerry D. Guess; and Guess & Co. Corporation, No. LR-26357, District of Nebraska (July 22, 2025) — Press Release
raw: Jerry D. Guess and Guess & Co. Corporation
Jerry D. Guess and Guess & Co. Corporation, No. 8:24-cv-00172 (July 22, 2025)
summary
Jerry D. Guess and Guess & Co. Corporation obtained a default judgment for conducting a fraudulent stock offering that misrepresented company revenues to investors.
paragraph
The SEC secured a default judgment against Jerry D. Guess and Guess & Co. Corporation for misleading 57 investors through false revenue projections. The defendants claimed millions in revenue, but the company actually only earned $14,654 from selling 19 computers. The judgment imposes a $15,000 civil penalty and a five-year ban on participating in securities offerings.
narrative
The SEC obtained a default judgment against Jerry D. Guess and Guess & Co. Corporation for a fraudulent stock offering conducted between June 2021 and April 2022. The defendants misled at least 57 investors across 12 states and one foreign country by claiming the company was a diversified entity with millions in revenue. In reality, the company had no significant operations beyond $14,654 in revenue from selling 19 computers. The court enjoined the defendants from violating Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933. Jerry Guess was ordered to pay a $15,000 civil penalty and is barred from participating in securities offerings for five years, except for personal trading. The litigation was supervised by the SEC’s Chicago Regional Office.
Classified pre-ipo-fraud(confidence 95%). EDGAR detection: forms S-1/Form D/1-A· recall 72% / precision 8%. detection rule →
Statutes
Parties
Securities and Exchange CommissionGuess & Co. CorporationJerry D. Guess
Keywords
guessjerry guessjerryguess guesssecguess corporationsecurities exchangeexchange commissionsecuritiesconvicted felonoffering guessguess stockprospective investorsenjoins jerrychicago regional
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 2
- $15K $15,000 $10K–$100K
- $15K $14,654 $10K–$100K
Entities 7
- agency benjamin hanauer of the sec chicago regional office
- company final judgment on july 7, 2025 against jerry d. guess and guess & co.
- company guess & co.
- company jerry d. guess and guess & co.
- court nebraska district court
- agency Securities and Exchange Commission
- agency steven l. klawans of the sec chicago regional office
Triples 13
- SEC announced Nebraska District Court entered final judgment on July 7, 2025 against Jerry D. Guess and Guess & Co.
- Nebraska District Court entered final judgment on July 7, 2025 against Jerry D. Guess and Guess & Co.
- SEC charged Jerry D. Guess and Guess & Co. with a fraudulent offering of Guess & Co. stock
- Jerry D. Guess and Guess & Co. made multiple false and misleading statements of material facts to at least 57 prospective investors
- Jerry D. Guess and Guess & Co. falsely represented Guess & Co. was a diversified energy, health care, technology, and real estate company that earned millions of dollars in revenue from 2019 to 2021
- Jerry D. Guess and Guess & Co. projected the company would earn billions in revenue in both 2021 and 2022
- Guess & Co. had no operations, customers, or business revenue other than sales of 19 computers to electronics resale shops for $14,654
- Judgment enjoined Jerry D. Guess and Guess & Co. from violating Sections 17(a)(1) and 17(a)(3) of the Securities Act Of 1933
- Judgment enjoined Jerry D. Guess and Guess & Co. from participating in the issuance, purchase, offer, or sale of any security for five years, except for personal account transactions
- Judgment ordered Jerry D. Guess to pay a civil penalty of $15,000
- Investigation was conducted by James G. O’Keefe and Wilburn Saylor
- Investigation was supervised by Steven L. Klawans of the SEC Chicago Regional Office
- Litigation was supervised by Benjamin Hanauer of the SEC Chicago Regional Office
PDF (from attached: judgment)
Text layers
Extracted body text (2,238c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26357 / July 22, 2025 Securities and Exchange Commission v. Jerry D. Guess, et al, No. 8:24-cv-00172 (D. Neb. filed May 9, 2024) SEC Obtains Default Judgment Against Convicted Felon for Offering Fraud The Securities and Exchange Commission announced today that the U.S. District Court for the District of Nebraska entered a final judgment on July 7, 2025 against Jerry D. Guess, a convicted felon, and his company, Guess & Co. Corporation (“Guess & Co.”), whom the SEC previously charged with conducting a fraudulent offering of Guess & Co. stock. According to the SEC’s amended complaint, from at least June 2021 through April 2022, the Defendants made multiple false and misleading statements of material facts to at least 57 prospective investors in at least 12 states and one foreign country to solicit them to invest in Guess & Co. stock. The amended complaint alleges that the Defendants falsely represented to prospective investors that Guess & Co. was a diversified energy, health care, technology, and real estate company that had earned millions of dollars in revenue from its business operations in 2019 to 2021, and they misleadingly projected the company would earn billions in revenue in both 2021 and 2022. However, as alleged in the amended complaint, during the period of the offering, Guess & Co. had no operations, customers, or business revenue other than the sales of 19 computers to electronics re-sale shops for $14,654. The judgment, entered on the basis of default, enjoins Jerry Guess and Guess & Co. from violating Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933. The judgment also enjoins Jerry Guess and Guess and Co. for a period of five years from participating in the issuance, purchase, offer, or sale of any security, except to the extent that Jerry Guess may purchase and sell securities for his own account. In addition, the judgment orders Jerry Guess to pay a civil penalty of $15,000. The SEC’s investigation was conducted by James G. O’Keefe and Wilburn Saylor and supervised by Steven L. Klawans of the SEC’s Chicago Regional Office. The litigation was supervised by Benjamin Hanauer of the SEC’s Chicago Regional Office.
OCR text (2,238c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26357 / July 22, 2025 Securities and Exchange Commission v. Jerry D. Guess, et al, No. 8:24-cv-00172 (D. Neb. filed May 9, 2024) SEC Obtains Default Judgment Against Convicted Felon for Offering Fraud The Securities and Exchange Commission announced today that the U.S. District Court for the District of Nebraska entered a final judgment on July 7, 2025 against Jerry D. Guess, a convicted felon, and his company, Guess & Co. Corporation (“Guess & Co.”), whom the SEC previously charged with conducting a fraudulent offering of Guess & Co. stock. According to the SEC’s amended complaint, from at least June 2021 through April 2022, the Defendants made multiple false and misleading statements of material facts to at least 57 prospective investors in at least 12 states and one foreign country to solicit them to invest in Guess & Co. stock. The amended complaint alleges that the Defendants falsely represented to prospective investors that Guess & Co. was a diversified energy, health care, technology, and real estate company that had earned millions of dollars in revenue from its business operations in 2019 to 2021, and they misleadingly projected the company would earn billions in revenue in both 2021 and 2022. However, as alleged in the amended complaint, during the period of the offering, Guess & Co. had no operations, customers, or business revenue other than the sales of 19 computers to electronics re-sale shops for $14,654. The judgment, entered on the basis of default, enjoins Jerry Guess and Guess & Co. from violating Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933. The judgment also enjoins Jerry Guess and Guess and Co. for a period of five years from participating in the issuance, purchase, offer, or sale of any security, except to the extent that Jerry Guess may purchase and sell securities for his own account. In addition, the judgment orders Jerry Guess to pay a civil penalty of $15,000. The SEC’s investigation was conducted by James G. O’Keefe and Wilburn Saylor and supervised by Steven L. Klawans of the SEC’s Chicago Regional Office. The litigation was supervised by Benjamin Hanauer of the SEC’s Chicago Regional Office.