Texas Christian Radio Host Gets Three Life Sentences For Ponzi Scheme That Bilked Millions From Seniors

The Associated Press reports:

A Texas radio host was sentenced to three life prison sentences 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 from state District Judge Elizabeth Beach for his August guilty pleas. The sentences are to be served concurrently.

The sentencing came after more than a dozen senior victims testified during a three-hour court hearing about losing anywhere from $50,000 to $600,000 invested in the Gallagher Financial Group.

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.

Read the full article. As I reported last year, Gallagher was sentenced to 25 years in a separate Dallas County case. Today’s case was brought in Tarrant County.