Friday, August 31, 2012

Regulators: Scam Targeted Deaf Christians

The Feds say a California man took money from deaf Christians by making false promises. Regulators say Marc Perlman promised returns of 5-10% each month for money that he claimed to invest in foreign exchange contracts. Perlman, who himself is deaf, took money from people in California, Florida, Utah, Arizona, Georgia, Michigan, Washington, Oregon, and Pennsylvania, and most of it from the deaf community. Nearly $700,000 came from Christians in the deaf community. The Commodity Futures Trading Commission says in a lawsuit filed against Perlman and his iGlobal Strategic Management LLC, based in Rancho Cucamonga, he used most of the money to pay personal expenses.