Former TCU Athlete Sentenced in "Gift From God" Currency Scheme

Thursday, Oct 3, 2013  |  Updated 7:01 AM CDT
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Former TCU Athlete Sentenced in "Gift From God" Currency Scheme

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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.

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