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Author
Richard D. Bailey is the author of Pirate Cove, released by Bancroft Press in November 2023.
For over 30 years, he has been providing interim and long-term management, and corporate development services to distressed public and private manufacturing, service, and distribution companies.
In 2013, Bailey was hired by Southport Lane Management (“Southport”), a New York-based private equity firm. Shortly after he was hired, he noticed unusual cash transfers by and between multiple Southport-owned and -controlled LLC’s.
Upon further investigation, Mr. Bailey uncovered critical evidence of what would turn out to be a $350 million fraud. He then worked closely with FBI investigators for several years. This resulted in four indictments and four guilty pleas. Three of the perpetrators served prison time.
Faced with up to 20 years in prison, Alexander Chatfield Burns, the 26 year old self-described prodigy, leader of the fraud and the man who hired me committed suicide prior to being sentenced. As a result, with millions unaccounted for, in the eyes of the law he died an innocent man.
Bailey's, Pirate Cove is the true story of a fake Caravaggio, a bogus Yale degree, a 26 year old self-proclaimed genius, and the unraveling of a $350 million fraud.
He holds a BA from Providence College and an MA from Fairfield University