BIG BREAKING NEWS – CHRISTIAN RADIO HOST SENTENCED: 3 Life Prison Sentences – Ponzi scheme – Bilked Elderly Listeners – Millions of Dollars [#DocGallagher] 11/02
A Texas radio host was sentenced to 3 life prison sentences 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 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.
Some said they had to sell their homes, borrow money from their children or take part-time jobs to supplement their Social Security benefits.
Christian radio host sentenced to three life sentences for Ponzi scheme bilking millions from elderly listeners:
William Neil “Doc” Gallagher, 80, and his Gallagher Financial Group advertised on Christian radio with the tagline, “See you in church on Sunday.”