The Wextrust Receivership was created by order of the United States District Court for the Southern District of New York on August 11, 2008. The court has appointed Timothy J. Coleman to act as Receiver for the Wextrust group of companies. The Receiver is charged with managing the Wextrust companies, and with taking other actions required by law and by the Court's orders.

The U.S. Securities and Exchange Commission has filed a civil case in federal district court against two Wextrust principals, Steven Byers and Joseph Shereshevsky. In addition, Byers and Shereshevsky have been indicted on criminal charges by a federal grand jury. Both the civil and criminal cases are pending before United States District Judge Denny Chin in the Southern District of New York.

This website provides information about legal proceedings related to Wextrust, the status of the Wextrust businesses and properties, and the activities of the receivership. In the near future, this site will also provide information on properties offered for sale by the Receiver.

For more information, please click on one of the links above, or on the "Recent Events" postings on the sidebar. For information on contacting the Receiver, please Click Here