This document is an alert from Deutsche Bank Private Bank regarding Southern Financial LLC, highlighting fraud-related activities associated with James W. 'Bill' Bailey, Jr. The alert details Bailey's involvement in a Ponzi scheme from January 2000 to December 2010, defrauding investors of over $13 million. Bailey operated Southern Financial Services Inc., 1031 Exchange Services, LLC, and AVL Properties, LLC in Asheville. The alert references Bailey's initial appearance on federal criminal counts including Securities Fraud, Mail Fraud, and Filing False Tax Returns.
documents/vol00010-efta01360936-pdf.pdf
{"title":"Deutsche Bank Private Bank Alert","key_people":["James W. 'Bill' Bailey, Jr.","Anne M. Tompkins"],"document_date":"2013-05-29","document_type":"government","key_locations":["Asheville, NC, UNITED STATES"],"document_subtype":"alert","key_organizations":["Southern Financial LLC","Southern Financial Services Inc.","1031 Exchange Services, LLC","AVL Properties, LLC","Deutsche Bank Private Bank"],"reference_numbers":["6229369","1559801.11522860.36364841","36364841"]}