SEC v. Brian A. Miller; Renew Forestry Group, LLC; Renew Development Group, LLLP; and Renew Holdings, LLC, No. LR-25041, Western District of Pennsylvania (Mar. 2, 2021) — Press Release
raw: Renew Forestry Group, LLC et al.
Renew Forestry Group, LLC et al., No. 1:21-cv-00081-SPB (Mar. 2, 2021)
summary
Brian A. Miller and his companies defrauded 36 investors out of $1.1 million through false claims about timber and mineral rights, and were charged by the SEC, agreeing to settle and pay a $90,000 civil penalty.
paragraph
The SEC charged Brian A. Miller and his companies, Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC, with selling $1.1 million in securities to 36 investors between 2016 and 2018 through false claims about controlling 1.9 million acres when they only had rights to 36,000 acres. The defendants falsely projected investor profits of 91% to 172% within one year despite lacking necessary permits and infrastructure. Miller agreed to pay a $90,000 civil penalty as part of a settlement pending court approval.
narrative
The SEC charged Brian A. Miller and his companies, Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC, with fraudulently offering and selling at least $1.1 million in securities to approximately 36 investors between February 2016 and August 2018. The defendants falsely claimed that Renew Forestry controlled about 1.9 million acres, including timber and mineral rights, when in fact they had approval to harvest timber on only 36,000 acres and held no mineral rights. They also projected unrealistic investor profits ranging from 91% to 172% within one year, despite lacking the necessary permits, infrastructure, and equipment to begin operations. The SEC's complaint charged Miller and the companies with violating antifraud provisions of securities laws. Without admitting or denying the allegations, the defendants agreed to settle the charges, consenting to judgments enjoining them from future securities law violations and ordering Miller to pay a $90,000 civil penalty. The settlements are subject to court approval. The SEC's investigation was conducted by its Philadelphia Regional Office.
Classified pre-ipo-fraud(confidence 85%). EDGAR detection: forms S-1/Form D/1-A· recall 72% / precision 8%. detection rule →
Parties
Securities and Exchange CommissionRenew Forestry Group, LLCBrian A. MillerRenew Development Group, LLLPRenew Holdings, LLC
Keywords
renew forestryrenewforestryforestry groupsecuritiessecurities exchangegroupllcmillermarch securitiesexchange commissionrenew developmentrenew holdingsmineral rightsviolating antifraud
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 2
- $1.10M $1.1 million $1M–$10M
- $90K $90,000 $10K–$100K
Entities 6
- company $1.1 million of securities
- person fraudulent securities offering
- company renew forestry group, llc
- company renew holdings, llc
- company securities
- agency Securities and Exchange Commission
Triples 48
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC between February 2016 and August 2018
- SEC charged Brian A. Miller
- Brian A. Miller fraudulently offering securities
- Brian A. Miller selling $1.1 million of securities
- Brian A. Miller offering securities to approximately 36 investors
- Brian A. Miller using companies Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
- Brian A. Miller operating between February 2016 and August 2018
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC between February 2016 and August 2018
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC between February 2016 and August 2018
- Securities and Exchange Commission charged Brian A. Miller
- Brian A. Miller offered and sold securities
- Brian A. Miller charged with fraud
- Brian A. Miller owns Renew Forestry Group, LLC
- Brian A. Miller owns Renew Development Group, LLLP
- Brian A. Miller owns Renew Holdings, LLC
- Brian A. Miller sold $1.1 million
- Brian A. Miller sold to 36 investors
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC between February 2016 and August 2018
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities to approximately 36 investors through Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC between February 2016 and August 2018
- Brian A. Miller charged with fraudulently offering and selling at least $1.1 million of securities
- Brian A. Miller operated Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
- Brian A. Miller offered securities to approximately 36 investors
- Brian A. Miller committed fraud between February 2016 and August 2018
- SEC charged Brian A. Miller
- SEC filed lawsuit against Renew Forestry Group, LLC et al.
- Renew Forestry Group, LLC involved in fraudulent securities offering
- Renew Development Group, LLLP involved in fraudulent securities offering
- Renew Holdings, LLC involved in fraudulent securities offering
- Brian A. Miller sold securities through his companies
- SEC announced charges against Brian A. Miller
- Securities and Exchange Commission charged Pennsylvania resident Brian A. Miller
- Brian A. Miller offered and sold at least $1.1 million of securities to approximately 36 investors
- Brian A. Miller used Miller's companies, Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
- Litigation Release No. 25041 issued March 2, 2021
- SEC charged Managing Member of Timber Company with offering fraud
- SEC charges Managing Member of Timber Company
- Securities and Exchange Commission charged Brian A. Miller
- Brian A. Miller fraudulently offered and sold $1.1 million of securities
- Brian A. Miller sold securities to 36 investors
- Brian A. Miller used Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
- Securities and Exchange Commission filed lawsuit against Renew Forestry Group, LLC et al.
- SEC charged Brian A. Miller
- Brian A. Miller fraudulently offering securities
- Brian A. Miller selling $1.1 million of securities
- Brian A. Miller through companies Renew Forestry Group, LLC, Renew Development Group, LLLP, and Renew Holdings, LLC
PDF (from attached: pdf)
Text layers
Extracted body text (2,209c)
SEC Charges Managing Member of Timber Company with Offering Fraud 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 possible because Renew Forestry did not have the required permits and lacked the infrastructure and equipment necessary to even begin operations within the promised timeframe. The SEC's complaint, filed in federal court in Erie, Pennsylvania, charges Miller, Renew Forestry, Renew Development, and Renew Holdings with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The defendants have agreed to settle the charges against them and, without admitting or denying the allegations of the complaint, have consented to judgments enjoining them from violating the antifraud provisions of the securities laws and ordering Miller to pay a civil penalty of $90,000. The settlements are subject to court approval. The SEC's investigation was conducted by Patricia A. Kuzma Trujillo and Jacquelyn D. King with the assistance of Julia C. Green, and was supervised by Kingdon Kase, Scott A. Thompson, and Kelly L. Gibson in the Philadelphia Regional Office. The litigation will be led by Ms. Green and supervised by Jennifer Chun Barry. SEC Complaint
OCR text (2,209c · html-text · 99% conf)
SEC Charges Managing Member of Timber Company with Offering Fraud 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 possible because Renew Forestry did not have the required permits and lacked the infrastructure and equipment necessary to even begin operations within the promised timeframe. The SEC's complaint, filed in federal court in Erie, Pennsylvania, charges Miller, Renew Forestry, Renew Development, and Renew Holdings with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The defendants have agreed to settle the charges against them and, without admitting or denying the allegations of the complaint, have consented to judgments enjoining them from violating the antifraud provisions of the securities laws and ordering Miller to pay a civil penalty of $90,000. The settlements are subject to court approval. The SEC's investigation was conducted by Patricia A. Kuzma Trujillo and Jacquelyn D. King with the assistance of Julia C. Green, and was supervised by Kingdon Kase, Scott A. Thompson, and Kelly L. Gibson in the Philadelphia Regional Office. The litigation will be led by Ms. Green and supervised by Jennifer Chun Barry. SEC Complaint