# Brad Young
Executive Director, Southeast Regional Office of Israel Bonds (Development Corporation for Israel). Based in Atlanta, Georgia. His bio was attached to the 4/11/2025 Milligan email confirming the 4/15/2025 in-person meeting at the State Capitol.
Young's bio is shorter than Berman's and contains no individual sales attribution. It frames DCI's institutional position broadly: DCI/Israel Bonds "ranks among Israel's most valued economic and strategic resources, with a record of proven success spanning over 70 years," with worldwide sales exceeding $50 billion since the first bonds were issued in 1951.
Young attended the eight scheduled meetings of the April 14-15, 2025 Capitol tour with Berman, beginning with Amy Fecher at APERS at 9:00 AM Monday and ending with Secretary Jim Hudson at DFA at 2:00 PM Tuesday. The Atlanta-based regional office gives DCI geographic reach into Arkansas through the Southeast region.
The Spadoni custodian production captures one Young-authored email. On 4/16/2025 Young wrote to Spadoni from his Atlanta office (phone 404-817-3500, direct/text 404-817-0617): "It was wonderful to spend a couple of days with you and the Auditor's team. Thanks so much for your hospitality! Do you miss us yet? Certainly miss you. I know it is the last day of the session and you must have a lot going on, but I wanted to send a gentle reminder about the contact information for the folks we met with to send out some follow up thank you's." The contact list Young requested became the May 16, 2025 attachment xlsx in the Spadoni production: 9 Arkansas officials with full contact information. Young's request documents that DCI maintains a permanent record of officials it meets with for ongoing institutional sales follow-up.
The Brady custodian R2 production at [[auditor-foia-r2-jbrady]] captures an additional Young-authored email. On 12/16/2024 Young wrote to Brady: "Jason, I hope this email finds you well and that you are gearing up for the holiday season. I wanted to ask if there was a good mailing address for you? Thanks very much and speak to you soon." Young was collecting Brady's mailing address in mid-December 2024, between the November 2024 election-day APERS meeting and the December 2024 Behling promotional cadence. Whether Young subsequently mailed anything to Brady is not documented.
## R2 residual sub-batches: physical correspondence and parallel auditor@ email
The auditor@ shared mailbox in the R2 residual sub-batches ([[auditor-foia-r2-residual]]) captures a parallel 12/17/2024 7:26 AM Young email sent To: Auditor Dennis Milligan (
[email protected]) with body greeting "Jason" — substantively identical content to the 12/16 Brady-addressed version. The "Jason" salutation against the Milligan recipient indicates either an addressing error by Young, the office's default routing of "Auditor Dennis Milligan" to a delivery path Brady also receives, or a separate near-identical second outreach. The text is otherwise identical: "I wanted to ask if there was a good mailing address for you? Thanks very much and speak to you soon."
The Notes and physical correspondence sub-batch contains the physical follow-through to Young's December 2024 mailing-address outreach: a **handwritten thank-you card on DCI letterhead** with the Israel Bonds wave logo and the corporate identifier "DEVELOPMENT CORPORATION FOR ISRAEL MEMBER FINRA," signed by Young with his return block (Brad Young, Executive Director,
[email protected], 404.817.0617). The card is addressed "Dennis" — to Milligan, not Brady — and thanks Milligan for "warm and wonderful hospitality during Larry and my trip to Little Rock" (the November 5, 2024 Election Day Berman/Young Arkansas trip). Young writes "the meetings you helped arrange for us were Israel productive and will hopefully lead to some Israel Bonds sales. We will keep you posted." The relationship framing is explicit: "your support and passion for Israel and Israel Bonds is second to none. I am very thankful and fortunate that we have friends like you. It is critical to our success and to Israel's future." The card closes "Wishing you and yours a very Merry Christmas and a joyful and prosperous New Year. Until next time (hopefully soon)" — dating the card to roughly December 2024 and explicitly anticipating the April 14-15 Capitol tour Young attended.
The card refines Young's documented role at DCI from a logistical regional director to a personal-relationship cultivator. Young is the documented author of the only handwritten correspondence to Milligan from DCI senior staff. The "we will keep you posted" framing establishes an ongoing reporting pattern between DCI Atlanta and Milligan that the email channel does not fully capture; whether Young or other DCI staff sent subsequent post-Christmas physical correspondence to Milligan is not documented in this batch.
## Evidence
> "Brad Young is based out of Atlanta, Georgia, United States and works at Israel Bonds as Executive Director."
> Young bio attached to Milligan email, Emails3.pdf p.3, 4/11/2025
> "Development Corporation for Israel/Israel Bonds ranks among Israel's most valued economic and strategic resources, with a record of proven success spanning over 70 years."
> Young bio, Emails3.pdf p.3, 4/11/2025
> "Worldwide sales have exceeded $50 billion since the first bonds were issued in 1951."
> Young bio, Emails3.pdf p.3, 4/11/2025
> "It was wonderful to spend a couple of days with you and the Auditor's team. Thanks so much for your hospitality! Do you miss us yet? Certainly miss you. I know it is the last day of the session and you must have a lot going on, but I wanted to send a gentle reminder about the contact information for the folks we met with to send out some follow up thank you's."
> Brad Young to Wendy Spadoni, May 16, 2025.pdf p.3, 4/16/2025 1:00 PM
> "Jason, I hope this email finds you well and that you are gearing up for the holiday season. I wanted to ask if there was a good mailing address for you? Thanks very much and speak to you soon."
> Brad Young to Jason Brady, mailing address.pdf p.1, 12/16/2024
> "Jason, I hope this email finds you well and that you are gearing up for the holiday season. I wanted to ask if there was a good mailing address for you? Thanks very much and speak to you soon. Brad"
> Bradley Young to Auditor Dennis Milligan (body greeting "Jason" with metadata recipient Milligan), mailing address.pdf p.1, 12/17/2024 7:26 AM (auditor@ shared-mailbox version)
> "Dennis, I wanted to thank you for your warm and wonderful hospitality during Larry and my trip to Little Rock. It was wonderful to see you and the meetings you helped arrange for us were Israel productive and will hopefully lead to some Israel Bonds sales. We will keep you posted. Dennis, your support and passion for Israel and Israel Bonds is second to none. I am very thankful and fortunate that we have friends like you. It is critical to our success and to Israel's future. Thank you so much for the lovely picture. Wishing you and yours a very Merry Christmas and a joyful and prosperous New Year. Until next time (hopefully soon). Very truly yours, Brad"
> Brad Young handwritten card on DCI letterhead to Dennis Milligan, scan_Redacted - undated card to Dennis.pdf p.1, undated (Christmas 2024 framing)
## Cross-References
[[lawrence-berman]] DCI National Managing Director who attended the 4/15 meeting with Young
[[dennis-milligan]] [[jason-brady]] Auditor's-office hosts
[[mark-white]] ATRS executive director who attended
[[auditor-as-dci-channel]] concept page
[[wendy-spadoni]] Young's day-of-trip contact and source of the post-trip contact list
[[auditor-multi-official-capitol-tour]] concept page on the eight-meeting Capitol tour Young attended
[[carlos-borromeo]] [[ashley-golleher]] APERS officials Young met on the November 5, 2024 election day trip
[[atrs-foia-r1-staff-emails]] [[auditor-foia-r1-spadoni]] [[auditor-foia-r2-jbrady]] [[auditor-foia-r2-residual]] [[apers-foia-r1-7-7-25]] source pages
## APERS R1 production additions (7/7/25)
The 7/7/25 APERS R1 production cross-confirms Young's participation in the 4/14/2025 9:00 AM APERS meeting at Spadoni's State Capitol Room 230 office (the first stop of the Capitol tour) and his cc on Berman's 4/17/2025 thank-you to Fecher. Young is also cc'd on the 5/15/2025 Berman rate sheet email to Borromeo (3:13 PM, the day of the IFSC meeting that authorized $25-50M in Israel Bonds), confirming Young remained in DCI's APERS-account team after the April Capitol tour. Ashley Golleher's 11/6/2024 thank-you to Berman ("It was a pleasure to meet you this week") cross-confirms Young's participation in the November 5, 2024 Election Day APERS meeting alongside Berman.
## Treasury R1 7-7-25 production: Young attended the 4/15/2025 Berman-Thurston Capitol meeting
The Treasury R1 batch independently confirms Young's participation in the 4/15/2025 Berman-Thurston Capitol meeting via Sandra Blount's 4/2/2025 11:42 AM scheduling confirmation: "We will see you two gentlemen on the 15th." The "two gentlemen" framing identifies Young as the second DCI attendee alongside Berman. Berman's 4/2/2025 11:37 AM acceptance: "Please thank the Treasurer for making time for myself and my colleague Brad Young. We look forward to meeting you on Tuesday April 15th at 11:30."
Young is also documented as the addressee of Berman's 4/16/2025 12:06 PM rate-sheet pitch to Pulley (cc Brad Young, Bill Mulvey, Luis Jimenez, Celeste Gladden, Bill Huffman). Young's continuing involvement in the Treasurer's-office channel through the actual purchase-order placement on 4/16/2025 cross-confirms his role as a co-principal alongside Berman on the Treasury account, parallel to his APERS-account role.
Young is also documented as cc on Berman's 12/23/2024 11:09 AM "January 1 $10M Israel Bond maturity" email to the Treasury team during the Walther-Thurston transition. Berman wrote: "As we discussed when Brad and I were in town last month" — establishing that the November 2024 Berman-Young Arkansas trip included Treasury-side meetings, alongside the previously-documented APERS and ATRS visits.
[[treasury-foia-r1-7-7-25]] source page
[[sandra-blount]] Treasurer's Executive Assistant who scheduled the 4/15/2025 meeting and confirmed Young's attendance as "two gentlemen"
## Treasury R3 2-19-26 production: Young as wire-timing confirmation participant on the Feb 17 2026 Thurston purchase
The Treasury R3 (2-19-26) production documents Young's continuing role on the second Thurston-era Israel Bonds purchase. Young is cc'd on Berman's 1/14/2026 2:31 PM cold solicitation to Pulley and on Luis Jimenez's 2/2/2026 3:36 PM order-confirmation email to Gladden + Pulley. Young sent a direct wire-timing-confirmation email on the Feb 2026 transaction:
> Celeste, Thanks so much for your help. Just confirming your below email that you are wiring the funds on Tuesday, the 17th. If you need anything from me, please let me know. Brad
> Redacted communications.pdf, Bradley Young to Celeste Gladden, 2/12/2026 12:51 PM
The 2/12/2026 wire-timing-confirmation is Young's documented direct correspondence with Treasury on the Feb 2026 transaction. Young's role on the Feb 2026 transaction is operational-detail (wire-timing confirmation) rather than senior-relationship (Berman) or order-confirmation (Jimenez). The Atlanta SE Region Executive Director role positions Young as the regional-coverage operational principal for Arkansas Treasury Israel Bonds activity.
On 2/17/2026 9:46 AM, Gladden emailed the wire confirmation directly to Young (cc Jimenez, Pulley, Berman): "Bradley, The wire confirmation for today's purchase is attached. Celeste." Young is therefore the documented primary recipient of the Treasury post-wire notification on the Feb 2026 transaction.
[[treasury-foia-r3-2-19-26]] source page
## ASHERS production: Young's CC on the declined Berman pitch to ASHERS
The ASHERS production at [[ashers-foia-r1-3-27-26]] documents Young's CC on the 4/16/2025 Babbitt-to-Smith introduction email and the 4/17/2025 Berman-to-Smith pitch reply. Young is the documented junior-partner CC on the ASHERS approach pattern, parallel to his consistent CC pattern on Berman's institutional sales correspondence across the Auditor's-office channel. Young did not author a separate ASHERS-specific outreach to Smith in this production; the ASHERS-side decline (passive non-engagement by Smith) terminated the thread at Berman's pitch reply with no Young follow-up.
The ASHERS production therefore documents Young's involvement in the declined-pitch outcome, but without the personal-relationship-cultivation pattern that Young's Auditor's-office-channel correspondence documents (the handwritten DCI letterhead card to Milligan, the December 2024 mailing-address inquiry, the May 16 contact list request for thank-you notes). The structural finding parallel to the Berman entity finding documented at [[lawrence-berman]]: Young's same opening-stage CC presence produces categorically distinct outcomes depending on the routing channel. Young's documented personal-relationship-cultivation activity is concentrated on the Auditor's-office-channel adopting systems, not on the DFA-channel non-adopting system.
## Securities production: AR broker-dealer agent registration
The Arkansas Securities Department FOIA production at [[securities-foia-r1-4-20-26]] documents Young's Arkansas broker-dealer registration at ASD-151:
> "5276306 | YOUNG | BRADLEY | R | 3/11/2009"
> ASD-151_Registered-Broker-Dealer-Agents.pdf, page 1
Young holds CRD #5276306 with an AR registration effective date of March 11, 2009. The registration has no documented termination date and remains active as of the April 2026 production date. Young's 17-year continuous AR registration spans his Atlanta-based Southeast Regional Office role at DCI and covers the entire wiki-documented Arkansas state-government Israel Bonds purchase period (the first wiki-documented Treasury Israel Bonds purchase at 3/1/2018 postdates Young's AR registration by approximately nine years).
Young is one of three Arkansas-facing DCI principals carrying both an AR broker-dealer agent registration and the institutional-sales-engagement-level documentation (the others being [[lawrence-berman]] and [[stuart-garawitz]]).
[[securities-foia-r1-4-20-26]] source page
[[dci-arkansas-limited-registration]] concept page on DCI's AR Limited registration scope under which Young operates