An alert from Deutsche Bank Private Bank regarding Southern Financial LLC, highlighting critical risk priority due to fraudulent activities by James W. 'Bill' Bailey, Jr. through Southern Financial Services Inc. and related entities. Bailey was charged with securities fraud, mail fraud, and filing false tax returns, operating a Ponzi scheme defrauding investors of over $13 million.
documents/vol00010-efta01356039-pdf.pdf
{"title":"Deutsche Bank Private Bank Alert","key_people":["James W. 'Bill' Bailey, Jr.","U.S. Attorney Anne M. Tompkins"],"document_date":"2018-02-22","document_type":"government","key_locations":["Asheville","VIRGIN ISLANDS, U.S."],"document_subtype":"alert","key_organizations":["Southern Financial LLC","Southern Financial Services Inc.","1031 Exchange Services, LLC","AVL Properties, LLC","Deutsche Bank Private Bank","DOJ US Attorneys Offices"],"reference_numbers":["GCIS 00000483882","Alert ID: 12737031.11622715.64747171"]}