Christian Radio Host The “Money Doctor” Gets 3 Life Sentences for Scam
A Texas radio host was sentenced to three life prison terms Monday for a Ponzi scheme in which he bilked elderly listeners out of millions of dollars. William Neil “Doc” Gallagher also got a 30-year prison sentence.
Gallagher, 80, and his Gallagher Financial Group advertised on Christian radio with the tagline, “See you in church on Sunday.” He promoted his investment business in books, such as “Jesus Christ, Money Master,” and on Christian radio broadcasts.
He amassed $32 million in loss to all of his clients and exploited many elder individuals. He worked his way around churches preying on people who believed he was a Christian,” said Lori Varnell, chief of the Tarrant County District Attorney’s Elder Financial Fraud team.”
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