Ralph Johnson and American Growth Funding II LLC Made Misleading Statements to Investors Purchasing High-yield Securities

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

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 Alan Rosca.

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 Rosca 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 Alan Rosca.

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 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 (1144 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.