Bank Foreclosure Fraud - Exhibit VIII - Credibility Behind The Charges

Against . . .

That which follows evidences Spencer C. Young’s extensive expertise in banking and commercial mortgages, thereby underscoring the credibility behind the damning allegations against Paragon Commercial Bank and their attorneys Poyner & Spruill, resulting in a 31-count indictment, reflecting the manifestation of twenty separate elements of fraud in what was . . .

. . . The Worst Bank Foreclosure Fraud in U.S. History  

These include some Commercial Mortgage Backed Securities ("CMBS") trade articles, brochures associated with some of Mr. Young's professional speaking engagements, as well as professional evaluations received during his tenure as a commercial real estate investment banker at the “Houses of Morgan” – to wit, JPMorgan and Morgan Stanley, where he headed up their respective CBMS finance & securitization businesses (a/k/a CMBS conduits), and completed . . .

. . . $ 32 Billion in Transactions &

The #1 Ranking in CMBS Issuance

[ Note:  Reflected Above Is A Typical Morgan Stanley Trade Publication Advertisement  ]

The supporting documents included in this Exhibit are segregated into five sections, the context of which are summarized below, and can be accessed via hyper-links denoted in the "Section" column.

Pages	Section	Context
1 - 6	Evaluations from various colleagues at JPMorgan and Morgan Stanley over the years	Comments include: ·      “he's particularly good [at what he does] because of his knowledge of the commercial mortgage loan product and experience with financial institutions” ·      “very effective at using his vast product knowledge to win business” ·      “has excellent [commercial mortgage] product/business knowledge and stays on the cutting edge of the market” ·      “has a solid background in financial institutions” ·      “has had a major impact on the organization” ·      “[clients have] the highest level of confidence and trust in [him]” ·      “is in a class of his own [and] has the respect and confidence of both clients and peers” ·      “clients think very highly of his opinion and ideas” ·      “is perceived highly for his knowledge and integrity” ·      “in every case he is shown strong judgment” ·       “clients find him credible and reliable; he enjoys strong relationships with a number of financial institutions”
7 - 19	Trade Articles on Commercial Mortgage Lending & Securitization	Various articles in the leading trade publications report on such items as: (1) JPMorgan heading the field shortly after Spencer C. Young founded the CMBS business there; (2) Mr. Young’s formation of the most “diverse and high-powered group of [financial institutions]”; (3) Mr. Young participation and viewpoints on a panel of experts discussing the fusion of Real Estate with Capital Markets at a Columbia-sponsored roundtable discussion; and (4) a front page article on Mr. Young’s plans for a fully-integrated real estate finance, securitization and investment program.
20 - 23	Listings of Chief Executives of the top CMBS Conduit Businesses	Various annual listings of the leading Wall St. Commercial Mortgage Lending & Securitization programs, along with their Chief Executives running those businesses, where Mr. Young is shown in that position for both JPMorgan and later Morgan Stanley.
24 - 30	Speaking Engagements Brochure Excepts and Topical Descriptions	Conference details of various buy-side and sell-side topics in Commercial Mortgage Lending & Securitization in which Mr. Young was featured as an expert in the field.
31 - 45	Notable Achievements in Commercial Real Estate Investment Banking	Includes: (1) Announcement of achieving #1 status as an underwriter of CMBS (Commercial Mortgage Backed Securities) while Mr. Young was running Morgan Stanley’s CMBS Conduit business; (2) details of the IQ® (“Institutional Quality”) brand of CMBS, which Mr. Young developed and trademarked, which was intrinsically worth in excess of $250 million; and (3) a humorous award presented to Mr. Young at one of the annual Mortgage Bankers Association conferences for developing a highly secretive “black box” underwriting and pricing model.