Monday, October 4, 2010

Georgia Businesman Indicted for Bilking Elderly Out of Millions

A federal grand jury has indicted a Peachtree City businessman on charges that he bilked elderly investors out of $15.8 million.

U.S. Attorney James T. Jacks in Dallas said Eldon A. Gresham Jr. was indicted on 10 counts of mail fraud in connection with a foreign currency exchange trading company he operated.

Prosecutors say that Gresham recruited at least 90 people in Georgia, Texas and several other states to invest in his business.

Jacks said he targeted elderly Christians, telling them that their investments would "further God's work."

Source:
Indictment for Bilking Elderly of Millions

3 comments:

  1. AnonymousMonday, October 04, 2010 6:03:00 AM

    "Vengence is mine says the Lord"

    ReplyDelete
  2. JessicaMonday, October 04, 2010 8:21:00 AM

    It's come to this -- more vultures in the world than real people.

    ReplyDelete
  3. AnonymousMonday, October 04, 2010 10:56:00 AM

    Start packing, Gresham, hopefully you'll be going for a long stay in the big house!

    ReplyDelete