Ga. man pleads guilty in scam targeting Christians - WRCBtv.com | Chattanooga News, Weather & Sports

Ga. man pleads guilty in scam targeting Christians

ATLANTA (AP) - A Georgia man has pleaded guilty in a scam that prosecutors say bilked investors out of almost $16 million by targeting Christians.

The Atlanta Journal-Constitution reports that 67-year-old Eldon A. Gresham of Peachtree City pleaded guilty to mail fraud.

He was set to stand trial in Texas on Monday in what prosecutors describe as a foreign currency exchange scheme.

Gresham is a former regional director of the Fellowship of Christian Athletes. Prosecutors say he solicited money from about 90 people by promising monthly returns up to 10%.

An indictment says Gresham told potential investors his success was due to the Lord's blessings. He claimed his program was open to a limited number of Christians.

Many of his victims were elderly.

Prosecutors say Gresham will forfeit $15.8 million.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Most Popular on WRCBtv.comMost Popular on WRCBtv.comMore>>

  • Special Kneads: A new Georgia bakery

    Special Kneads: A new Georgia bakery

    Monday, September 1 2014 10:18 PM EDT2014-09-02 02:18:16 GMT
     A small bakery in Georgia is getting big support from the community.  The bakery is also getting noticed for what it's doing that is unlike anywhere else and a hint is in the name.

    More
     A small bakery in Georgia is getting big support from the community.  The bakery is also getting noticed for what it's doing that is unlike anywhere else and a hint is in the name.


    More
  • Civil disobedience expected in fast-food pay fight

    Civil disobedience expected in fast-food pay fight

    Monday, September 1 2014 10:50 PM EDT2014-09-02 02:50:53 GMT
    McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.More
    McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.More
  • Vols' "3rd Down for What" is a hit inside Neyland Stadium

    Vols' "3rd Down for What" is a hit inside Neyland Stadium

    Tuesday, September 2 2014 12:00 AM EDT2014-09-02 04:00:16 GMT
    Sports - Tennessee VolsSports - Tennessee Vols
    If General Neyland were around today it's safe to say Lil Jon and "Turn Down for What" wouldn't be on his iPod, but you have to wonder if he'd be bobbing his head to the remix inside the stadium named after him. More
    If General Neyland were around today it's safe to say Lil Jon and "Turn Down for What" wouldn't be on his iPod, but you have to wonder if he'd be bobbing his head to the remix inside the stadium named after him. More
Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.