A Texas radio host who called himself the “Money Doctor” and mixed Christian doctrine with financial advice has been sentenced to multiple life prison sentences for running a Ponzi scheme that defrauded senior citizens out of millions of dollars.
William Neil “Doc” Gallagher, 80, was sentenced to three life terms, plus another 30 years, after pleading guilty to the crime in August, according to the Tarrant County Criminal District Attorney’s Office in Fort Worth, Texas. The prison sentence adds to a 25-year sentence that was issued after Gallagher pleaded guilty to similar charges in Dallas County last year.
“‘Doc Gallagher is one of the worst offenders I have seen,” Lori Varnell, chief of the offices’ Elder Financial Fraud team, said in a prepared statement. “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. He worked his way around churches preying on people who believed he was a Christian.”
As a radio host who paid for his own airtime on three stations in the Dallas area, Gallagher was known for his homespun, Christian-based financial advice, and books such as “Jesus Christ, Money Master.” Gallagher ran the Gallagher Financial Group, which he advertised on Christian…
