Ralph Johnson and American Growth Funding II LLC—Investment Fraud

Ralph Johnson and American Growth Funding II LLC Allegedly Raised Approximately $8.6 Million from Investors; Allegedly Claimed AGF II Financial Statements Had Been Audited with Knowledge that This Was False

American Growth Funding II LLC, from March 2011 through December 2013, allegedly raised approximately $8.6 million from investors in a private placement offering, according to an SEC Complaint currently under review by attorneys Alan Rosca and Joe Peiffer.

Ralph Johnson, CEO of Manhattan-based American Growth Funding II LLC, allegedly knew that AGF II represented in offering documents that its financial statements had been audited and would continue to be audited each fiscal year, said SEC Complaint reports. The SEC Complaint also alleges that no audit of AGF II’s financials have occurred until 2014.

The Peiffer Rosca Wolf securities lawyers are currently conducting an investigation into Ralph Johnson and other investment professionals who sold American Growth Funding II LLC to the investing public.

Ralph Johnson Allegedly Sent Out Monthly AGF II Account Statements to Investors that Hid “the Precariousness of Its Business”; AGF II Allegedly Failed to Disclose it Could Not Pay Investors Their Stated Account Balances

Ralph Johnson allegedly caused AGF II to send out monthly account statements to investors that cloaked “the precariousness of its business”, according to the aforementioned SEC Complaint presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

Furthermore, AGFII allegedly failed to disclose that it could not have possibly paid investors their stated account balances as the majority of AGF II’s loans were likely uncollectible at the time, said SEC Complaint notes.

Finally, AGF II’s placement agent Portfolio Advisors Alliance and its owner Howard Allen and president Kerri Wasserman allegedly were aware that the offering documents were not accurate, but that Wasserman allegedly took no action and AGF II brokers continued using misleading documents to solicit investors, the aforementioned SEC Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers are currently investigating Ralph Johnson and other investment professionals who sold American Growth Funding II LLC to the investing public.  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 Rosca 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 Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.