EFTA Document EFTA01299060

rdc Entity: Southern Financial Services Inc. Entity Information Entity ID: Entity Name: Address: Event: Source Information Southern Financial Services Inc. Asheville, NC. UNITED STATES • FRD - Fraud, Scams, Swindles ASC - Associated with, Seen with 02/04/2011, U.S. Attorney Anne M. Tompkins announced that. James W. "Bill" Bailey. Jr. had his initial appearance on three federal criminal counts, Securities Fraud, Mail Fraud and Filing False Tax Returns Charges, which was filed in a Bill of Information in U.S. District Court in Asheville on February 1, 2010. The counts against Bailey charge that he engaged in a "Ponzi" scheme from about January 2000 to December 2010 to defraud investors of more than $13 million. According to the Bill of Information, the defendant founded and operated Southern Financial Services Inc, 1031 Exchange Services, LLC and AVL Properties, LLC in Asheville. Court documents state that through Southern Financial Services Inc.. Bailey fraudulently induced clients to deposit monies and purported to provide asset management. IRA accounts, and wills and trusts services. • TAX - Tax Related Offenses ASC - Associated with. Seen with 02/04/2011, U.S. Attorney Anne M. Tompkins announced that James W. "Bill" Bailey, Jr. had his initial appearance on three federal criminal counts, Securities Fraud, Mail Fraud and Filing False Tax Returns Charges, which was filed in a Bill of Information in U.S. District Court in Asheville on February 1, 2010. The counts against Bailey charge that he engaged in a "Ponzi" scheme from about January 2000 to December 2010 to defraud investors of more than $13 million. According to the Bill of Information, the defendant founded and operated Southern Financial Services Inc, 1031 Exchange Services, LLC and AVL Properties, LLC in Asheville. Court documents state that through Southern Financial Services Inc.. Bailey fraudulently induced clients to deposit monies and purported to provide asset management, IRA accounts, and wills and trusts services. • SEC - SEC Violations (Insider Trading. Securities Fraud) ASC - Associated with, Seen with 02/04/2011, U.S. Attorney Anne M. Tompkins announced that, James W. "Bill" Bailey. Jr. had his initial appearance on three federal criminal counts, Securities Fraud, Mail Fraud and Filing False Tax Returns Charges, which was filed in a Bill of Information in U.S. District Court in Asheville on February 1, 2010. The counts against Bailey charge that he engaged in a "Ponzi" scheme from about January 2000 to December 2010 to defraud investors of more than 513 million. According to the Bill of Information, the defendant founded and operated Southern Financial Services Inc, 1031 Exchange Services, LLC and AVL Properties, LLC in Asheville. Court documents state that through Southern Financial Services Inc., Bailey fraudulently induced clients to deposit monies and purported to provide asset management, IRA accounts, and wills and trusts services. RDC URL: https://grid.rdc.com/v/ss/entity.html?entityld=4b538c2393dee2c5d3f3d53eb346cc4 Source Name: DOJ US Attorneys Offices Press Releases 2009 to 2012. 05/31/2011 Source URL: http://www.jusece.gov/usao/offices/index.html Entity URL: http //www.justice.gov/usao/ncw/press/billbailey.html CANTO* 02013 Repplepry OnCorp. Inc All Rigels Reserved Doweled rented al C6f29r2013 12 2242 SDNY_GM_00064546 CONFIDENTIAL - PURSUANT TO FED. R.WN(F IDENTIAL DB-SONY-0027371 EFTA_00 175049 EFTA01299060