EFTA01296179.pdf

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rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6115/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/15/2017
Organization: Southern Financial LLC
Address: etiWily VIRGIN ISLANDS. U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity it. 1 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.65444359
Entity Information
Entity ID: 65444359
Ris kid: R22434574
Entity Name: Southern Financial Group Inc.
Address: • Charleston. South Carolina. UNITED STATES
• Columbia. South Carolina. UNITED STATES
Recent Event(s): • SEC - SEC Violations (Insider Trading. Securities Fraud) / CHG - Charged. 02/11/2008
Southern Financial Group was later shut down by the Securities and Exchange Commission after being
charged in 2002 with a $25 million Ponzi scheme The alleged fraud was unrelated to the Capstone
bonds.. 02/11/2008. Investment News
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a entity reinforced in vow inquiry SDNY_Gls1_00058296 rise I of 9
IDENTIAL
R.cDNE
CONFIDENTIAL — PURSUANT TO FED. DB-SDNY-0021120
EF1'A_00168856
EFTA01296179

rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6/15/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/15/2017
Organization: Southern Financial LLC
Address: C51Wily VIRGIN ISLANDS. U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity it. 1 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.65444359
Event: • SEC - SEC Violations (Insider Trading, Securities Fraud) / ACT - Disciplinary. Regulatory Action,
03/09/2005
The SEC's complaint alleged that Southern's books and financial records inaccurately reflected a cash
balance in an account ranging from $226.931.80 to $240.006.80: Southern failed to promptly give notice to
the SEC and others of the net capital deficiencies as required by law; and that, the reports filed by
Southern were inaccurate in that they misrepresented Southern's cash position and failed to include
certain liabilities., 03/09/2005, SEC Administrative Proceedings - 2005
• SEC - SEC Violations (Insider Trading, Securities Fraud) / ACT - Disciplinary, Regulatory Action,
02/02/2005
The SEC's Complaint alleged that defendants Hunter. Southern Financial Group, Inc., Richard M. Wooten
and Charles Dennis McKittrick raised at least $25 million through a fraudulent scheme involving the sale of
short-term notes on behalf of UC Properties LLC; that defendants operated these note offerings as a Ponzi
scheme. using funds raised from current note offerings to pay principal and interest to investors in prior
offerings, and that at least $5 million was transferred to relief defendant Springdale Investments. Inc.; that
Southern operated in violation of the net capital rule since at least October 2001. and that the firm's
FOCUS reports and other books and records have been inaccurate since that time., 02/02/2005, SEC
Litigation Releases - 2005
• SEC - SEC Violations (Insider Trading, Secunties Fraud) / ACT - Disciplinary, Regulatory Action,
12/22/2004
The SEC announced that US District Judge for the District of South Carolina, Charleston Division entered
Final Judgments as to Defendants Southern Financial Group, Inc., Richard M Wooten, and Charles
Dennis McKittrick. The Complaint alleged that defendants McKittrick, Gerald F. Hunter, Jr., Southern and
Wooten raised at least $25 million through a fraudulent scheme involving the sale of short-term notes on
behalf of UC Properties LLC: alleged that they operated these note offerings as a Ponzi scheme, using
funds raised from current note offerings to pay principal and interest to investors in prior offerings, and that
at least $5 million was transferred to relief defendant Springdale Investments. Inc.: further alleged that
Southern operated in violation of the net capital rule since at least October 2001, and that the firm's
FOCUS reports and other books and records have been inaccurate since that time., 12/22/2004, SEC
Litigation Releases - 2004
• SEC - SEC Violations (Insider Trading, Securities Fraud) / ACT - Disciplinary. Regulatory Action.
06/19/2002
The SEC announced that US District Judge for the District of South Carolina. Charleston Division entered
orders of preliminary injunction and other relief as to defendants Southern Financial Group, Inc. and
Richard M. Wooten. The complaint alleged that defendants Southern, Wooten, Charles Dennis McKittrick
and Gerald F. Hunter, Jr. raised at least $25 million through a fraudulent scheme involving the sale of
short-term notes on behalf of UC Properties LLC; alleged that they operated these note offerings as a
Ponzi scheme, using funds raised from current note offerings to pay principal and interest to investors in
prior offerings, and that at least $5 million was transferred to relief defendant Springdale; further alleged
that Southern operated in violation of the net capital rule since at least October 2001, and that the firm's
FOCUS reports and other books and records have been inaccurate since that time., 06/19/2002, SEC
Litigation Releases - 2002
• SEC - SEC Violations (Insider Trading, Securities Fraud) / CHG - Charged, 02/11/2008
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ondmiusts anipilly tot any cleat or any oMe, FORA pemsssiNs proposes Use' further agrees to had such mottos, and intamaton -n gramt conndence net to make us. memat cene• man M. atmetami
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IDENTIAL
CONFIDENTIAL - PURSUANT TO FED. R.QQN(F DB-SONY-0021121
EFTA_00I68857
EFTA01296180

rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6/15/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/15/2017
Organization: Southern Financial LLC
Address: Ct;untiy VIRGIN ISLANDS. U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity it 1 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.65444359
Southern Financial Group was later shut down by the Secunties and Exchange Commission after being
charged in 2002 with a $25 million Ponzi scheme. The alleged fraud was unrelated to the Capstone
bonds., 02711O008. Investment News
Alert Notes
Notes: Southern Financial Group Inc.. was charged with securities fraud .
Source Information
RDC URL: https://grid.rdc.com/wss/entity.html?entityld=30121228121b8b125d3f3d53eb346cc4
Source Name: RiskConnect. 06/14/2017
Entity URL: • httpiNwri.v.sec.govriitigationAitreleasesift19009.htm
• http://www.sec.govflitigationnitreleasesAr19060.htm
• http://Www.sec govridigationradmin/34-50966.htm
• http://www.sec.govridigation/admini34-51207.htm
• http://www.sec.gov/litigation/admin/34-51349.htm
• httpJ/www.sec.govTitigationiitreleasesnr17574.htm
• http://www.sec.govtlitigationriitreleasesrir17569.htm
• http://www.sec.govriitigation/litreleasesAr17535.htm
Sources:
• Investment News, MEDIA Article,Headline:FINRA board members firm embroiled in muni fraud case: Jury
awards plaintiff $1.2 million.
http://global.factiva.conanidutarticle.asp?NAPC=S&AccessionNo=INVN000020080215e42b00009
• SEC Litigation Releases - 2004, SEC Litigation Releases - 2004,
httplAmvw.sec.govriitigation/litreleasesilitrelarchiveAitarchive2004.shtml
• SEC Litigation Releases - 2005. SEC Litigation Releases - 2005,
http://www.sec.govilitigationtlitreleasesriitrelarchiveriitarchive2005.shtml
• SEC Administrative Proceedings - 2005, SEC Administrative Proceedings - 2005.
http://www.seagovAitigationradminiadminarchive/adminarc2005.shtml
• SEC Litigation Releases - 2002. SEC Litigation Releases - 2002.
http:/rinnwi.sec.govriitigationilitreleasesaitrelarchive/litarchive2002.shtml
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IDENTIAL
CONFIDENTIAL - PURSUANT TO FED. R.QPN(E DB-SONY-0021122
EFTA_OOI 68858
EFTA01296181

rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6/15/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/1512017
Organization: Southern Financial LLC
Address: :51Wily VIRGIN ISLANDS. U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity #: 2 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.65374193
Entity Information
Entity ID: 65374193
Riskid: R2601172
Entity Name: Southern Financial Group
Alias: SFG
Address: Greensboro. North Carolina. UNITED STATES
Recent Event(s): • SEC - SEC Violations (Insider Trading, Securities Fraud) / ACT - Disciplinary, Regulatory Action,
0429/2008
The SEC announced that the USDC for the Middle District of North Carolina entered final judgments
against defendants Elfindepan, S.A., Strategic Asset Funds, S.A., and Southern Financial Group for their
roles in a high-yield investment scheme. Elfindepan, a defunct Costa Rican company, SAF, a defunct
Panamanian company, and SFG, a de facto trust, were controlled by defendant Tracy Dunlap. The
Commission alleging that Elfindepan. SFG, SAF, and others defrauded investors nationwide of
approximately $30 million in connection with a high-yield investment scheme involving the unregistered
offer and sale of Securities of Elfindepan, a purported Costa Rican financial company; alleges that
Elfindepan made numerous materially false and misleading statements including promising investors that
their investments were secure and would yield returns of as much as 40% to 50% per month., 04/29/2008,
SEC Litigation Releases - 2008
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a entity refecerced in your inquiry SDNY_GM_00058299 Page Ci 9
IDENTIAL
CONFIDENTIAL - PURSUANT TO FED. R.QPN(E DB-SONY-0021123
EFTA_00I 68859
EFTA01296182

rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6/15/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/15/2017
Organization: Southern Financial LLC
Address: Cmuntiy VIRGIN ISLANDS. U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity # 2 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.65374193
Event: • SEC - SEC Violations (Insider Trading, Securities Fraud)/ ACT - Disciplinary. Regulatory Action,
04/29/2008
The SEC announced that the USDC for the Middle District of North Carolina entered final judgments
against defendants Elfindepan, S.A., Strategic Asset Funds. S.A., and Southern Financial Group for their
roles in a high-yield investment scheme. Elfindepan, a defunct Costa Rican company, SAF, a defunct
Panamanian company, and SFG, a de facto trust, were controlled by defendant Tracy Dunlap. The
Commission alleging that Elfindepan, SFG. SAF, and others defrauded investors nationwide of
approximately $30 million in connection with a high-yield investment scheme involving the unregistered
otter and sale of Securities of Elfindepan, a purported Costa Rican financial company: alleges that
Elfindepan made numerous materially false and misleading statements including promising investors that
their investments were secure and would yield returns of as much as 40% to 50% per month., 04/29/2008,
SEC Litigation Releases - 2008
• SEC - SEC Violations (Insider Trading, Securities Fraud) / ACT - Disciplinary. Regulatory Action.
09/12/2002
The Court in this case adjudged defendants Elfindepan, Southern Financial Group, and Tracy Calvin
Dunlap, Jr., to be in contempt of court and ordered Dunlap incarcerated based on their refusal to obey
court orders requiring them to produce documents and account for and repatriate investor funds..
09/12/2002, SEC Litigation Releases - 2002
• SEC - SEC Violations (Insider Trading, Securities Fraud)! ACT - Disciplinary. Regulatory Action,
04/26/2001
On March 15, 2001, the U.S. District Court for the Middle District of North Carolina adjudged Elfindepan,
S.A., Southern Financial Group and Tracy Calvin Dunlap, Jr. to be in civil contempt of court based on their
refusal to obey court orders requiring them to produce documents, and account for and repatriate investor
funds, related to their allegedly fraudulent investment schemes. They refused to comply as ordered based
on their assertion of Dunlap's personal Fifth Amendment privilege against self-incrimination., 04/26/2001.
SEC Litigation Releases - 2001
• SEC - SEC Violations (Insider Trading, Securities Fraud)! ACT - Disciplinary, Regulatory Action,
08/10/2000
The SEC filed a fraud case in the United States District Court for the Middle District of North Carolina
against Elfindepan. S.A., Southern Financial Group, Tracy Calvin Dunlap. Jr. and Barry Lowe. The SEC
complaint alleges that, the defendants defrauded investors nationwide in an apparent Ponzi or pyramid
scheme in connection with the unregistered offer and sale of the securities of Elfindepan, alleges that in
connection with these offerings, defendants knowingly and recklessly made, and caused others to make.
numerous materially false and misleading statements to investors, defendants promised investors highly
favorable returns on investments, without any reasonable basis for such claims, and falsely stated that the
investments were secure, including false claims that Elfindepan investments were associated with the
International Monetary Fund and the World Bank and also alleges that defendants knowingly or recklessly
failed to disclose certain material facts to investors regarding Elfindepan., 08/10/2000, SEC Litigation
Releases - 2000
Alert Notes
Notes: Southern Financial Group was charged with securities fraud .
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a entity referenced in your altpAry SDNY_GM_00058300 ache $ Ci 9
IDENTIAL
CONFIDENTIAL - PURSUANT TO FED. R.WN(F DB-SONY-0021124
EFTA_00I 68860
EFTA01296183

rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6/15/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/15/2017
Organization: Southern Financial LLC
Address: :51:§tiry VIRGIN ISLANDS. U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity if: 3 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.64747171
Entity Information
Entity ID: 64747171
Riskid: R22436125
Entity Name: Southern Financial Services
Alias: Southern Financial Services Inc.
Address: Asheville. North Carolina. UNITED STATES
Recent Event(s): • 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 crirriinal 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., 02/04/2011, DOJ US Attorneys Offices Press Releases 2009 to 2012
• 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 $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., 02/04/2011, DOJ US Attorneys Offices Press Releases 2009 to 2012
• 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., 02104/2011, DOJ US Attorneys Offices Press Releases 2009 to 2012
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a nay aileron:cid in you! inquiry SDNY_GM_00058302 P°2e 7 el 9
IDENTIAL
CONFIDENTIAL — PURSUANT TO FED. R.QQN(F DB-SONY-0021126
EFTA 00/68862
EFTA01296185

rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6/15/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/15/2017
Organization: Southern Financial (IC
Address: Countiy VIRGIN ISLANDS, U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity # 3 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.64747171
Event: • FRD - Fraud, Scams, Swindles / ASC - Associated with, Seen with, 02/04/2011
U.S. Attorney Anne M. Tompkins announced that, James W. "Br Bailey, Jr. had his initial appearance on
three federal criminal counts, Securities Fraud, Mail Fraud and Filing False Tax Retums 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., 02/04/2011, DOJ US Attorneys Offices Press Releases 2009 to 2012
• SEC - SEC Violations (Insider Trading. Secunties Fraud) / ASC - Associated with, Seen with, 02/04/2011
U.S. Attorney Anne M. Tompkins announced that, James W. "BiW 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., 02/04/2011, DOJ US Attorneys Offices Press Releases 2009 to 2012
• TAX - Tax Related Offenses ASC - Associated with, Seen with, 02/042011
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.. 02/04/2011. DOJ US Attorneys Offices Press Releases 2009 to 2012
Alert Notes
Notes: Southem Financial Services, aka Southern Financial Services Inc., for fraudulently inducing clients to
deposit monies and purported to provide asset management IRA accounts, and wills and trusts services.
Source Information
RDC URL: https://grid.rdc.comtwss/entity.html?entityld=c9fe562c3e68e6326d3f3d63eb346cc4
Source Name: RislcConnect, 06/14/2017
Entity URL: http://www.justice.gov/usao/ncw/press/billbailey.html
Sources: DOJ US Attorneys Offices Press Releases 2009 to 2012, DOJ US Attorneys Offices Press Releases 2009 to
2012, http:/Avww.justice.gov/usao/offices/index.html
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IDENTIAL
R.cONF
CONFIDENTIAL - PURSUANT TO FED. DB-SDNY-0021127
EFTA_00168863
EFTA01296186

rdc
DB12000P - Deutsche Bank Private Bank Alert
Batch Date: 6/15/2017 Alert Date: 6/15/2017
Added to Monitoring: 06/1512017
Organization: Southern Financial LLC
Address: C.://u/iiy VIRGIN ISLANDS. U.S.
Tracking ID: KYC 1790655 Reporting ID:
Alerted Entity it 4 of 4 Risk Priority: Critical Alert ID: 9476247.11602637.63653446
Entity Information
Entity ID: 63653446
Riskid: R22433111
Entity Name: Southern Financial Group Inc.
Address: Summerville
Recent Event(s): • SEC - SEC Violations (Insider Trading, Securities Fraud)! ACC - Accuse, 12/15/2008
accused of running a so-called Ponzi scheme by soliciting cash from new investors to pay off redemptions
to earlier investors, 12/15/2008. The Post and Courier (MCI)
Event: • SEC - SEC Violations (Insider Trading, Securities Fraud)! ACC - Accuse, 12/15/2008
accused of running a so-called Ponzi scheme by soliciting cash from new investors to pay off redemptions
to earlier investors, 12/15/2008, The Post and Courier (MCI)
Alert Notes
Notes: Southern Financial Group Inc., was accused of running a so-called Ponzi scheme by soliciting cash from
new investors to pay off redemptions to earlier investors.
Source Information
RDC URL: https://grid.rdc.conVwss/entity.html?enbtyld=cd06df1e138aac735d3f3d53eb346cc4
Source Name: RiskConnect. 06/14/2017
Sources: The Post and Courier (MCT), MEDIA Article,Headline:The Post and Courier. Charleston, S.C.. On Business
column, http://global.factiva.coriVen/du/article.asp?NAPC=S&AccessionNo=KRTCN00020081216e4cf00001
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IDENTIAL
CONFIDENTIAL - PURSUANT TO FED. R.QPN(F DB-SONY-0021128
EFTA_00I 68864
EFTA01296187