Peiffer Rosca Wolf Investigating Phoenix’s Jimmica Guess and Her Alleged $1.1 Million Investment Scheme

Investment fraud lawyersJimmica Guess, 33, of Phoenix, allegedly collected more than $355,350 in commissions on 22 annuities that she said she sold, according to statements released by the Arizona Department of Insurance which are currently under review by attorneys Joe Peiffer and Alan Rosca.

Guess, who sold $16.6 million insurance investments, was arrested on suspicion of fraud-related charges for collecting commissions on two bogus deals worth $1.1 million, the Arizona Department of Insurance further notes.

Arizona Insurance Authorities Looking into 20 Additional Annuities Sold by Guess

Yet another 20 annuities sold by Guess are currently being reviewed, and it is yet to be determined how many were sold to customers and how many were fictitious, according to Arizona Department of Insurance documents currently being reviewed by attorneys Joe Peiffer and Alan Rosca.

The insurance companies paid her the commissions after receiving the policies and checks from investors, but some checks were returned from accounts with insufficient funds, the Department of Insurance said.

Guess, who received her Arizona insurance license in April, was arrested on reported suspicion of two counts of fraudulent schemes, two counts of theft of property obtained by misrepresentation, two counts of forgery and two counts of aggravated taking the identity or another person or entity, according to the Department of Insurance.

Investor Fraud Attorneys Investigating

The Peiffer Rosca Wolf fraud attorneys often represent investors who lose money as a result of investment misconduct. They are currently investigating Jimmica Guess and the possibility of assisting any investors who believe that they have lost money through her annuity sales. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any investors who believe they lost money as a result investment through investments with Jimmica Guess may contact the investment fraud attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.