Ralph Johnson and American Growth Funding II LLC Made Misleading Statements to Investors Purchasing High-yield Securities
Ralph Johnson Allegedly Repeatedly Misled Investors into Purchasing High-yield Securities, Promising Investors 12-percent Annual Returns and also Purportedly Falsely Claiming its Financial Statements Were being Annually Audited
Ralph Johnson, CEO of Manhattan-based American Growth Funding II LLC, allegedly repeatedly misled investors into purchasing high-yield securities, according to according to SEC Documents currently under review by attorneys Joe Peiffer and Jason Kane.
The SEC also alleges that American Growth Funding II LLC and Ralph Johnson promised investors 12-percent annual returns and falsely claimed its financial statements were being annually audited.
The Peiffer Wolf securities lawyers are presently conducting an investigation into Ralph Johnson and other investment professionals who sold American Growth to the investing public.
American Growth Funding II LLC Allegedly Made Misrepresentations in Offering Documents Regarding its Management and Purportedly Hid Details about Deteriorating Loan Values which Might Hinder Total Payment of the Promised Returns to Investors
American Growth Funding II LLC allegedly made misrepresentations in offering documents about its management and concealed details about deteriorating loan values that could imperil full payment of the promised returns to investors, according to the aforementioned SEC Documents presently being reviewed by attorneys Joe Peiffer and Jason Kane.
What is more, 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 still continued to use them to solicit sales of AGF II securities, the SEC reports.
Finally, Allen allegedly informed Wasserman that AGF II’s offering documents contained false information, but Wasserman purportedly failed to take action and AGF II’s brokers continued using documents containing untruths to solicit investors, the SEC notes.
Securities Lawyers Investigating
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. 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.