Action against Defendants, a Mississippi company and its principal, for their alleged role in selling promissory notes in connection with a Ponzi scheme.  According to the SEC, Defendants provided false information to investors by telling them that their money would be used to harvest timber and promising annual returns of 12 to 15 percent.  The SEC alleges, however, that Defendants never obtained any harvesting rights, forged deeds and cutting agreements, and misappropriated investor funds.  A court will determine the amount of disgorgement, prejudgment interest, and civil monetary penalties to be paid by Defendants.

SEC Complaint

SEC Litigation Release