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Guinn, Son of Former Nevada Governor, Accused of Duping Late Boyd Gaming President

Las Vegas, September 27, 2016 – Jeff Guinn, son of late Nevada governor, Kenny Guinn, is being sued by investors in connection with his alleged Ponzi scheme, which he ran through his real estate lending company, Aspen Financial Services, LLC. The investors are allegedly seeking $6.9 million from Guinn. Guinn filed bankruptcy for himself and Aspen Financial in 2013. The victims of the alleged scam included Donna Ruthe, the wife of the former president of a casino operator, Boyd Gaming Corp., Chuck Ruthe. Donna Ruthe claimed that Jeff Guinn used his father’s name to attract investors to the now-bankrupt Aspen Financial Services. The Ruthe family lost $6.9 million, and Donna Ruthe is now pursuing the claim through the bankruptcy courts.


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