James W. 'Bill' Bailey, Jr. was charged with Securities Fraud, Mail Fraud, and Filing False Tax Returns in a Ponzi scheme defrauding investors of over $13 million through Southern Financial Services Inc. and other entities.
documents/vol00010-efta01358152-pdf.pdf
{"title":"Fraud and Tax Related Offenses by Southern Financial Services Inc.","key_people":["James W. 'Bill' Bailey, Jr.","Anne M. Tompkins"],"document_date":"2011-02-04","document_type":"correspondence","key_locations":["Asheville, NC"],"document_subtype":"press release","key_organizations":["Southern Financial Services Inc.","1031 Exchange Services, LLC","AVL Properties, LLC","U.S. Attorney's Office"]}