The document details the federal criminal charges against James W. 'Bill' Bailey, Jr., who was associated with Southern Financial Services Inc. He was charged with securities fraud, mail fraud, and filing false tax returns as part of a Ponzi scheme that defrauded investors of over $13 million from January 2000 to December 2010. The charges were announced by U.S. Attorney Anne M. Tompkins on February 4, 2011, following a Bill of Information filed on February 1, 2010.
documents/vol00010-efta01360881-pdf.pdf
{"title":"Fraud and Securities Violations by Southern Financial Services Inc.","key_people":["James W. 'Bill' Bailey, Jr.","Anne M. Tompkins"],"document_date":"2011-05-31","document_type":"government","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"],"reference_numbers":["EFTA01360881"]}