The directors of Saving Children, Building Families (SCBF) have come together to help families trying to adopt a child, but lack the financial ability to complete the adoption process. It is goal of SCBF to direct the limited funds available to where it will do the most good based on the available information. It should not be interpreted, and it is not intended, that the financial decisions made by SCBF be viewed as passing judgment whatsoever to the suitability of the families seeking to adopt. It is the precept of this foundation that all children deserve a family and deserve the love and support that comes with a loving family. All families that seek to adopt, whether financed through SCBF or not, should be recognized for the nobility and necessity of their goal.
F. Preece, Director:
Mr. Preece Is the Chief Executive Officer of GWG - MCA.
Prior to that he was Chief Executive Officer at Three Hills Capital.
He was previously the Global Head of Asset Securitization and Head of the
commercial paper conduit for a large European money center bank. While at
the European bank, Mr. Preece originated and managed a $5.0 billion senior
secured loan portfolio secured by alterative assets similar to those
targeted by the Fund. During, Mr. Preece’s tenure, the portfolio was
profitable every year, with 2008 to 2010 ranking as its three best years due to both the structure of the individual transactions and the non-correlated nature of the assets. Over his career, Mr. Preece has financed over 50 different asset classes including structured settlements, assignable annuities, tax liens, film receivables, life settlements, mortgages, equipment leases, litigation settlements, insurance commission streams, thoroughbred stud fees, USDA loans, timber receivables, charged off receivables, taxi medallions, tax refund anticipation loans and workers compensation advances. Mr. Preece holds FINRA Series 7, 63, and 79 licenses, and serves on the boards of Saving Children and Building Families. Mr. Preece holds an MBA in Finance and a B.S. in Mechanical Engineering, both from the University of Michigan.
Mr. Sabes, has over fifteen years experience in investment banking, business
development, corporate law and consulting in a variety of industries.
Mr. Sabes is President of Opportunity Finance and is responsible for all
aspects of the companys business. Prior to becoming Chief Executive
Officer of the Company, Mr. Sabes was a founding partner of Jon Adams
Financial Co., LLP. Jon Adams Financial is a law firm and business advisory
firm specializing in providing small and medium size businesses with professional
services related to mergers and acquisitions and corporate finance. Prior
to Jon Adams Financial, Mr. Sabes served as a tax consultant with Ernst
& Young LLP. In addition, Mr. Sabes professional experience
includes serving as Vice President of Business Development for Gaming
Corporation of America and investment banking with Jefferies & Company,
Inc. Mr. Sabes earned a Juris Doctor, Cum Laude, from the University of
Minnesota and holds a BA from the University of Colorado.
David L. Probst, Director:
David L. Probst from Columbus, Ohio, is a Managing Director of the Asset Backed Group of Red Capital Markets, Inc., a subsidiary of National City Bank. He has been in investment banking for 20 years and was formerly a Managing Director with McDonald Investments and Bank One Capital Markets. He specializes in the securitization of mortgage as well as non-mortgage assets and has extensive experience working with specialty finance companies. David and his wife Cindy are involved in numerous activities in the Columbus area. David participates with Huesman Heart Foundation, a group dedicated to educate people, especially children, about heart disease. He also participated, for 5 years, with the Childhood League, a group that raises money for a school to provide education to less fortunate children who have special needs. He is active with his church, having served on numerous committees. David received his bachelor's degree in Accounting from Miami University in 1979 and his M.B.A. from The Ohio State University in 1984.