An alert regarding Southern Financial LLC, added to monitoring on 02/22/2018, with a critical risk priority. The entity, Southern Financial Group Inc., was accused of running a Ponzi scheme by soliciting cash from new investors to pay off redemptions to earlier investors. The alert references SEC violations and insider trading accusations from 12/15/2008.
documents/vol00010-efta01362585-pdf.pdf
{"title":"Deutsche Bank Private Bank Alert","document_date":"2018-02-22","document_type":"financial","key_locations":["Virgin Islands, U.S.","Summerville","Charleston, SC"],"document_subtype":"alert","key_organizations":["Deutsche Bank Private Bank","Southern Financial LLC","Southern Financial Group Inc.","SEC","The Post and Courier"],"reference_numbers":["GCIS 00000483882","12737031.1162271583653448"]}