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Litigation Release No. 25041 / March 2, 2021
Securities and Exchange Commission v. Renew Forestry Group, LLC et al., No. 1:21-cv-00081-SPB (W.D. Pa. filed March 1, 2021)
The Securities and Exchange Commission charged Pennsylvania resident Brian A. Miller with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Miller s companies, Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC between February 2016 and August 2018.
According to the SEC s complaint, Miller and the three companies falsely claimed that Renew Forestry had about 1.9 million acres under its control, including timber and mineral rights. Contrary to these representations, Renew Forestry allegedly had approval to harvest timber on only 36,000 acres and had no mineral rights. The complaint also alleges that the defendants falsely projected investor profits ranging from 91% to 172% within one year, knowing those returns were not possibl