SEC v. Bryan J. Egan/BryCar Financial Corp.

February 2001

On September 19, 2000, the SEC filed a civil enforcement action charging Bryan J. Egan and BryCar Financial Corporation with securities fraud. At the SEC's request, the court froze BryCar's assets and Mr. Egan's personal assets. On November 13, 2000, the court appointed John Ham as receiver to take control of BryCar's assets, prepare an accounting of the various bank and trading accounts in Mr. Egan's and BryCar's name, and search for any hidden or undisclosed assets.

The receiver has sent notices to investors and creditors at their last known addresses in the records of BryCar, which included a Proof of Investment Form for investors and a Proof of Claim Form for creditors. If you wish to file a claim, you should print out the online Proof of Investment Form or the Proof of Claim Form (which are both in a PDF file), fill it out, and mail it to the receiver. The Court has not yet set a bar date (the date when the Forms must be returned), but the receiver will notify each investor and creditor once the Court has set a bar date. Forms received after the bar date may be precluded from receiving any distributions of funds by the receiver.

If you have any questions, comments, or information relating to the SEC's action or the receivership, please call the receiver's telephone number at (702) 791-0308 and ask for the BryCar receiver's extension (after hours, ext. 100). For more information, please read answers to frequently asked questions.

http://www.sec.gov/divisions/enforce/claims/brycar.htm