This document is a financial alert 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, scams, and tax-related offenses linked to James W. 'Bill' Bailey, Jr. The document references multiple federal criminal counts against Bailey, including securities fraud, mail fraud, and filing false tax returns, related to a Ponzi scheme defrauding investors of over $13 million.
documents/vol00010-efta01356201-pdf.pdf
{"title":"Deutsche Bank Private Bank Alert","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":"Bank Alert","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","Alert ID: 12737031.11622715.64747171"]}