Story at a glance
- Texas radio host William Neil “Doc” Gallagher was given three life sentences for a Ponzi scheme which took millions from elderly listeners.
- More than a dozen victims testified to losing between $50,000 and $600,000 in Gallagher’s scheme.
- “He ruthlessly stole from his clients who trusted him for almost a decade. He amassed $32 million in loss to all of his clients and exploited many elder individuals,” said Lori Varnell, head of the Tarrant County District Attorney’s Elder Financial Fraud team.
Texas radio host William Neil “Doc” Gallagher was given three life sentences for a Ponzi scheme which took millions from elderly listeners.
The 80-year-old promoted his business, Gallagher Financial Group and his books, such as “Jesus Christ, Money Master,” on Christian radio, according to The Associated Press (AP). More than a dozen victims…
