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.
doj/DataSet10/EFTA01404400.pdf
{"title":"U.S. Attorney Anne M. Tompkins Announces Charges Against James W. \"Bill\" Bailey, Jr.","key_people":["James W. \"Bill\" Bailey, Jr.","Anne M. Tompkins"],"document_date":"2011-02-04","document_type":"legal","key_locations":["Asheville, NC"],"document_subtype":"press release","key_organizations":["Southern Financial Services Inc.","1031 Exchange Services, LLC","AVL Properties, LLC","U.S. District Court in Asheville"],"reference_numbers":["EFTA01404400","EFTA01404401"]}