An alert was issued for Southern Financial Group Inc. due to SEC violations including insider trading and securities fraud. The entity was accused of running a Ponzi scheme by soliciting cash from new investors to pay off redemptions to earlier investors.
documents/vol00010-efta01364030-pdf.pdf
{"title":"Deutsche Bank Private Bank Alert","document_date":"2017-06-15","document_type":"financial","key_locations":["VIRGIN ISLANDS, U.S.","Summerville","Charleston, S.C."],"document_subtype":"Alert","key_organizations":["Deutsche Bank Private Bank","Southern Financial LLC","Southern Financial Group Inc.","SEC","The Post and Courier"],"reference_numbers":["KYC ██████"]}