This document is an alert report from Deutsche Bank Private Bank dated February 22, 2018, regarding Southern Financial LLC. The alert highlights critical risk associated with Southern Financial Services, including fraud and SEC violations linked to a Ponzi scheme operated by James W. 'Bill' Bailey, Jr. The scheme defrauded investors of over $13 million from January 2000 to December 2010. The report includes details of Bailey's initial court appearance on related charges.
documents/vol00010-efta01356141-pdf.pdf
{"title":"Deutsche Bank Private Bank Alert Report","key_people":["James W. 'Bill' Bailey, Jr.","Anne M. Tompkins"],"document_date":"2018-02-22","document_type":"financial","key_locations":["Virgin Islands, U.S.","Asheville, North Carolina, UNITED STATES"],"document_subtype":"Alert Report","key_organizations":["Deutsche Bank Private Bank","Southern Financial LLC","Southern Financial Services Inc.","1031 Exchange Services, LLC","AVL Properties, LLC","DOJ US Attorneys Offices"],"reference_numbers":["GCIS 00000483882","12737031.11622715.64747171","R22436125","64747171"]}