Peachtree City 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 percent.
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. © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More Local

Paramount Hospitality wins 2015 Small Business Award

Paramount Hospitality won the overall 2015 Small Business of the Year Award from the Newnan-Coweta Chamber of Commerce. Besides the overall ... Read More


Man accused of raping teenager

A 26-year-old man suspected of raping a teenage girl was arrested Aug. 14 following an investigation by the Newnan Police Department. The 16 ... Read More


Gas station robbed

Newnan police are on the lookout for a man who robbed the Marathon Gas Station on Hwy 34 early Friday. Around 6:50 a.m., a male wearing a ba ... Read More


Safes stolen in Ashley Park burglary

Two safes were stolen from an Ashley Park office following a pre-dawn burglary on Friday. At 2:58 a.m., officers responded to Ashley Furnitu ... Read More


Three Rivers at odds over quorum issues

The Three Rivers Regional Council has a problem – an attendance problem. The board – comprised of appointed and elected communit ... Read More

County launches text-911 service

Beginning Sept. 1, most citizens in Coweta County will be able to send a short message service (SMS) or text message to 911 for emergency he ... Read More