This document is an alert report from Deutsche Bank Private Bank regarding Southern Financial LLC, flagged for critical risk due to associations with fraud and tax offenses. It details the involvement of James W. 'Bill' Bailey, Jr. in a Ponzi scheme defrauding investors of over $13 million through Southern Financial Services Inc. and related entities. The report includes historical legal actions and associations with fraud, SEC violations, and tax offenses.
documents/vol00010-efta01371144-pdf.pdf
{"key_people":["James W. 'Bill' Bailey, Jr.","Anne M. Tompkins"],"document_date":"2017-06-15","document_type":"government","key_locations":["Asheville, North Carolina","VIRGIN ISLANDS, U.S."],"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":["KYC 1790655","9476247.11602637.64747171","R22436125","64747171"]}