CFTC uncovers Ponzi scheme

- Gail Mwamba
- 13 Jul 2009

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WASHINGTON, DC - The US Commodity Futures Trading Commission (CFTC) has obtained an order to freeze the assets of a Georgia-based man for operating a $15 million ponzi scheme.

Eldon Gresham, trading as The Gresham Company, stands accused of soliciting more than $15 million from some 75 customers by purporting to trade over-the-counter foreign exchange contracts. Specifically targeting Christians, Gresham allegedly promised up to 10% in monthly returns, also convincing retirees to withdraw funds

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