American Growth Funding II LLC and Ralph Johnson—Financial Fraud Charges
American Growth Funding II LLC and Ralph Johnson Charged by SEC with Alleged Fraud; Accused of Repeatedly Lying to Investors in Purchased High-Yield Securities
American Growth Funding II LLC, a Manhattan-based lending company, and its owner Ralph Johnson allegedly lied to investors who purchased high-yield securities, according to recent documents from the SEC’s New York Regional Office currently under review by attorneys Jason Kane and Joe Peiffer.
The SEC further alleges that American Growth Funding II LLC and Ralph Johnson allegedly promised investors 12-percent annual returns and falsely claimed to have conducted annual audits of its financial statements.
The Peiffer Wolf securities lawyers are currently investigating American Growth Funding II and its owner Ralph Johnson, and are preparing to take action on behalf of investors.
American Growth Funding II LLC and Ralph Johnson Allegedly Made Misrepresentations to Investors in Offering Documents; Placement Agents Were Allegedly Aware Offering Documents Were Inaccurate
American Growth Funding II LLC (AGF II), which purportedly raised capital from investors to provide loans to businesses, and Ralph Johnson also allegedly made misrepresentations in offering documents regarding its management, according to recent Documents from the SEC’s New York Regional Office presently being examined by attorneys Jason Kane and Joe Peiffer.
Additionally, AGF II also allegedly concealed details concerning deteriorating loan values that could obfuscate full payment of promised returns to investors, said SEC Documents report.
Finally, the company’s placement agent, Portfolio Advisors Alliance, and its owner Howard Allen and president Kerri Wasserman, also allegedly knew the offering documents were inaccurate yet continued using them to solicit sales of AGF II securities.
Securities Lawyers Preparing to Take Action
The Peiffer Wolf securities lawyers are currently investigating Ralph Johnson and other investment professionals who sold American Growth Funding II LLC to the investing public, and are preparing to take action on behalf of investors. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
The Peiffer Wolf securities lawyers are currently investigating Ralph Johnson and other investment professionals, such as Howard Allen and Kerri Wasserman, who sold American Growth Funding II LLC to the investing public. Investors who believe they lost money as a result of any of the aforementioned investment professionals and their sales of American Growth Funding II LLC may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.