Case News
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.
0The 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.
0Michael 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.
0Q1 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.
0Filing Notice: Motion to Approve and Authorize Q4 2025 Receiver and Professional Fees
A Motion for Order Approving and Authorizing Payment of the Receiver’s and retained professionals’ fees and costs for the period October 1, 2025 through December 31, 2025 has been filed with the Court. The motion seeks approval and authorization to pay compensation and expenses incurred during the fourth quarter of 2025. The Motion is available for review on the Substantive Pleadings page and may also be accessed by clicking here.
Q4 2025 Quarterly Report Filed
The Receiver’s Quarterly Report for the fourth quarter of 2025 was filed on January 28, 2026. The report is available for review on the Substantive Pleadings page and may also be accessed by clicking here.
0Q3 2025 Quarterly Report Filed
The Receiver’s Quarterly Report for the Third quarter of 2025 was filed on November 4, 2025, and may be viewed on the Substantive Pleadings page.
0Q2 2025 Quarterly Report Filed
The Receiver’s Quarterly Report for the Second quarter of 2025 was filed on July 28, 2025, and may be viewed on the Substantive Pleadings page.
0Q1 2025 Quarterly Report Filed
The Receiver’s Quarterly Report for the First quarter of 2025 was filed on April 30, 2025, and may be viewed on the Substantive Pleadings page.
0Q4 2024 Quarterly Report Filed
The Receiver???s Quarterly Report for the Fourth quarter of 2024 was filed on January 29, 2025, and may be viewed on the Substantive Pleadings page.
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