Man charged with mishandling investment

AUSTINTOWN, Ohio (WKBN) – Austintown police are warning people about a businessman who’s now charged with grand theft and complicity to forgery after mishandling investor’s money.

Police say David Perham accepted a check from a client for close to $13,000. They say Perham deposited the check straight into his personal account.

Investigators on the case say the money was given to him with the intent and belief that it wold be invested on behalf of the client.

“The money was never invested, and she kept asking for statements. He actually provided a falsified statement at one point,” said Sgt. Jordan Yacoyone. “Then when she called the company herself, she found out there was never any money invested.”

Police believe Perham may have at least two other victims. Police are urging anyone who’ve done business with Perham or any of his business associates to check their investments and report any problems.

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