Thursday, July 29, 2021
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Ex-TCU gridder gets 14-year prison term in fraud

🕐 1 min read

 

DALLAS (AP) — A former TCU football player has pleaded guilty to mail fraud related to a foreign currency exchange scheme.

A federal judge in Dallas sentenced Eldon A. Gresham Jr. on Wednesday to 14 years in prison for his January guilty plea to a single mail fraud count.

The 67-year-old Gresham, formerly of Olney, could have received a maximum prison sentence of 20 years.

A four-count indictment accused Gresham of fraudulently obtaining $15.8 million by making false representations to investors in a trading business based in Peachtree City, Ga.

The government alleged that he targeted Christian investors by claiming his currency trading was a gift from God.

Gresham was a center and linebacker for TCU in the 1960s and an all-Southwest Conference center in 1967.  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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