Ex-TCU football player pleads guilty to mail fraud

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Associated Press

Posted on January 8, 2013 at 7:06 AM

DALLAS (AP) — A former TCU football player has pleaded guilty to one count of mail fraud stemming from a foreign currency exchange scheme.

U.S. Attorney Sarah Saldana announced Monday that Eldon A. Gresham entered the plea in the case that was set to go to trial on Jan. 14.

The 67-year-old Gresham, formerly of Olney, faces 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.

The Fort Worth Star-Telegram has reported that Gresham played football for TCU in the 1960s and was an all-Southwest Conference center in 1967.

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