EFTA01355998.pdf

rdc Organization: Southern Financial LLC DB12000P - Deutsche Bank Private Bank Batch Date: 2/22/2018 Added to Monitoring: 02/22/2018 Alert Date: Alert 2/22/2018 Address: ok,i.w!iy VIRGIN ISLANDS. U.S. Tracking ID: GCIS 00000483882 Reporting ID: Alerted Entity #: 1 of 3 Risk Priority: Critical Alert ID: 12737031.11622715.65374193 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. 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 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 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., Southem 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 Consistent %Oh the tears and ccodebons al your RCC Subscriber Agreement the edam:eon contained in the documental's( alert purposes only ands not to be used fa purposes of deterrnireg an indenduars O'Day for any credit or any other FORA earns-ebb purposes User further agrees to hold such mama and information ri strictest confidence, not to crake use thereof other eon br authorized purposes. to retie tarty toemployees rogueing ouch informal= and not to release or disclose t to any other party The Alert internam contatied in this Occurrent Tray of may net Wan to te inclinclual a entity referenced in 'OW Awry. Page I of S CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0041368 CONFIDENTIAL SDNY_GM_00187552 EFTA01355998