SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Melanie S. Altholtz Irrevocable Trust (Last) (First) (Middle) 9803 SWEETWATER AVE. (Street) BRADENTON FL 34202 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SECURED FINANCIAL NETWORK, INC. [ SFNL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/25/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2007	03/01/2007	P		333,333	A	$0.05	2,333,333	D
Common Stock	03/01/2007	03/01/2007	P		333,333	A	$0.05	2,333,333	I	See Footnote(1)
Common Stock	04/05/2007	04/05/2007	P		1,000,000	A	$0.05	3,333,333	D
Common Stock	04/05/2007	04/05/2007	P		1,000,000	A	$0.05	3,333,333	I	See Footnote(1)
Common Stock	11/02/2007	11/02/2007	P		2,000,000	A	$0.05	5,333,333	D
Common Stock	11/02/2007	11/02/2007	P		2,000,000	A	$0.05	5,333,333	I	See Footnote(1)
Common Stock	04/08/2008	04/08/2008	C		2,000,000	A	$0.067	5,333,333	D
Common Stock	04/08/2008	04/08/2008	C		2,000,000	A	$0.067	5,333,333	I	See Footnote(1)
Common Stock	04/08/2008	04/08/2008	C		1,000,000	A	$0.067	6,333,333	D
Common Stock	04/08/2008	04/08/2008	C		1,000,000	A	$0.067	6,333,333	I	See Footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Note(2)	$200,000	09/26/2006	09/26/2006	P		2,000,000		11/25/2006	09/26/2007	Common Stock	2,000,000	$0.1	2,000,000	D
Convertible Note(2)	$200,000	09/26/2006	09/26/2006	P		2,000,000		11/25/2006	09/26/2007	Common Stock	2,000,000	$0.1	2,000,000	I	See Footnote(1)
Convertible Note(2)	$200,000	11/02/2007	11/02/2007	J(3)			1,469,676	11/25/2006	11/25/2006	Common Stock	530,324	$0.1	530,324	D
Convertible Note(2)	$200,000	11/02/2007	11/02/2007	J(3)			1,469,676	11/25/2006	11/25/2006	Common Stock	530,324	$0.1	530,324	I	See Footnote(1)
Convertible Note(2)	$200,000	04/08/2008	04/08/2008	C		3,000,000		11/25/2006	11/25/2006(4)	Common Stock	3,000,000	$0.0667	3,000,000	D
Convertible Note(2)	$200,000	04/08/2008	04/08/2008	C		3,000,000		11/25/2006	11/25/2006(4)	Common Stock	3,000,000	$0.0667	3,000,000	I	See Footnote(1)

1. Name and Address of Reporting Person* Melanie S. Altholtz Irrevocable Trust (Last) (First) (Middle) 9803 SWEETWATER AVE. (Street) BRADENTON FL 34202 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Altholtz Adam (Last) (First) (Middle) 9803 SWEETWATER AVE. (Street) BRADENTON FL 34202 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The nature of the indirect beneficial ownership is by Adam Altholtz, in his capacity as Trustee for the Melanie S. altholtz Irrevocable Trust

2. The reference to "Convertible Note" on Form 4 means the convertible promissory note titled the September 26, 2006 $200,000 Secured Convertible Note by and Between Secured Financial Network, Inc., as maker ("SFNI"), and Melanie S. Altholtz Irrevocable Trust, as lender (the "Trust")

3. The transactions marked with the "Footnote 3" represent automatic changes in the Trust's beneficial ownership of SFNI common stock (the "SFNI Shares") under the Convertible Note. When the Trust purchased 2,000,000 shares in a private placement on or about November 2, 2007, the Trust's beneficial ownership of SFNI Shares under the Convertible Note was reduced by 1,469,676 SFNI Shares pursuant to the share limitation set forth in the Convertible Note. When the Trust's beneficial ownership was reduced by 1,459,676 SFNI Shares, the Trust then had a total beneficial ownership of 3,863,657 SFNI Shares, representing 9.99% of issued and outstanding SFNI Shares.

4. The original expiration date for the Convertible Note was September 26, 2007. Notwithstanding the payment and conversion provisions under the Convertible Note, the Trust and SFNI nevertheless agreed that SFNI could satisfy all of its obligations under the Convertible Note by issuing 3,000,000 SFNI Shares to the Trust. After the issuance of the 3,000,000 SFNI Shares to the Trust on or about April 8, 2008, the Trust owned a total of 6,333,333 SFNI Shares, representing 16.38% of the issued and outstanding SFNI Shares.

	Melanie S. Altholtz Irrevocable Trust, /s/ Adam Altholtz, Trustee	06/27/2008
	/s/ Adam Altholtz	06/27/2008
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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