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.
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