Amanda Simone
Filing Notice: Motion to Approve and Authorize Q2 2026 Receiver and Professional Fees
A Motion for Order Approving and Authorizing Payment of the Receiver’s and Professionals’ Fees and Costs from April 1, 2026 through June 30, 2026 was filed with the Court on September 3, 2026. The motion seeks court authorization to pay compensation and expenses incurred during the second quarter of 2026. The Motion is available for review on the Substantive Pleadings page and may also be accessed by clicking here.
Filing Notice: Motion to Approve and Authorize Q1 2026 Receiver and Professional Fees
A Motion for Order Approving and Authorizing Payment of the Receiver’s and Professionals’ Fees and Costs from January 1, 2026 through March 31, 2026 was filed with the Court on May 29, 2026. The motion seeks court authorization to pay compensation and expenses incurred during the first quarter of 2025. The Motion is available for review on the Substantive Pleadings page and may also be accessed by clicking here. Additionally, a Supplemental Declaration in support of the Motion was filed on June 3, 2026. The Supplemental Declaration can be viewed on the Substantive Pleadings page and may also be accessed by clicking here.
Q2 2026 Quarterly Report Filed
The Receiver’s Quarterly Report for the second quarter of 2026 was filed on July 30, 2026. The report is available for review on the Substantive Pleadings page and may also be accessed by clicking here.
The SEC seeks summary judgment against Sewall and Stewart in the civil case.
In the civil action, the Securities and Exchange Commission (SEC) filed a Motion for Summary Judgment earlier this month against defendants, Bryan Edwin Sewall and Michael Shawn Stewart. The Motion argues that Sewall and Stewart are collaterally estopped from re-litigating their liability in the civil case in light of their criminal convictions. The SEC contends that the same material facts exist in both the civil and criminal case, and both individuals have already been convicted under the stricter, criminal standard. The SEC’s Motion is available to read here.
Michael Shawn Stewart sentenced in the criminal case.
On June 29, 2026, the Court sentenced Stewart to 288 months imprisonment. The Judgment can be found here. Stewart’s co-defendant, Bryan Edwin Sewall was sentenced back in January 2025, where the Court sentenced Sewall to a 276-month term of imprisonment. Sewall’s Judgment can be found here.
Q1 2026 Quarterly Report Filed
The Receiver’s Quarterly Report for the first quarter of 2026 was filed on April 29, 2026. The report is available for review on the Substantive Pleadings page and may also be accessed by clicking here.
