Feds Shut down Investment Firm

Back in August we told you about a California man accused of taking money from deaf Christians(you can read more here). Prosecutors say Marc Perlman made false promises, and instead of investing the funds people gave to him, he used most of it to pay personal expenses. A judge has now placed a permanent trading ban on his iGlobal investment firm. Perlman has been ordered to pay a penalty of $1,794,537 and restitution of $598,179.