Boardman investment broker charged with bilking clients - 21 News Now, More Local News for Youngstown, Ohio -

Boardman investment broker charged with bilking clients

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YOUNGSTOWN, Ohio - A Boardman investment broker has been slapped with a ten count indictment that includes charges of grand theft and forgery.

The Mahoning County Grand Jury handed up the indictment against 53-year-old David Perham of Westfield Drive.

Perham allegedly bilked five people out of more than $55,000 by forging checks from the alleged victim's checking accounts.

Perham first became known to police in January after detectives in Austintown received a complaint that Perham deposited a $12,831 check into his personal bank account instead of investing it for a client.

Detective Sgt. Jordan Yacovone says the money was given to Perham by his client with the intent that it would be invested on behalf of the client. "She kept asking for statements but never received any statements. When she looked into it with the company that it was supposed to be invested in she realized there was never any money invested in her name" said Yacovone.

In December, Perham signed a letter from the Financial Industry Regulatory Authority's (FINRA) Department of Enforcement, in which he agreed to a six month suspension and $10,000 fine for failing to respond to FINRA's request for information on an alleged violation of rules.

FINRA is an independent, not-for-profit organization authorized by Congress to protect investors.

The letter says Perham had not been registered with any FINRA member firm since March of 2012. Perham's alleged crimes took place in 2013.

Two of the checks allegedly forged by Perham last year, were made out to Berthel Fisher Company.

A FINRA report on Pehram says his association with Berthel Fisher ended in 2012.

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