Forex scammer targeting Christians finally indicted

federal grand jury has indicted a Peachtree City businessman on charges that he bilked elderly investors out of $15.8 million. This story was published here more than a year ago, click here for more details.

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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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."