A federal judge sided with the SEC, though, and in April placed Torchia's Woodstock-based empire of investment companies, subprime auto loan businesses and limited liability companies in the hands of a receiver – effectively shutting him down.
Guess, who hosts a "Dollars and Sense" show on Texas radio, has a firm called Texas First Financial, which according to the cease-and-desist order has been offering 9 percent annualized returns on unregistered securities, the Dallas newspaper said.
Texas also accused Guess of using up to $1.4 million of investors' money to pay a federal tax lien.
There's likely no love lost between Torchia and Guess, seeing as how Torchia sued him last year, alleging he and others convinced Credit Nation investors to invest $10 million in a Texas-based online marketing company called Stamedia Group, violating both Georgia’s Trade Secrets Act and non-compete clauses in their contracts.
But here's what Guess told Rush Limbaugh's listeners and loyal "ditto heads" about Credit Nation, in different times: