North Texas Radio Host Gets 3 Life Prison Terms for Targeting Listeners in Scheme – NBC 5 Dallas-Fort Worth

on

|

views

and

comments

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. Some said they had to sell their homes, borrow money from their children or take part-time jobs to supplement their Social Security benefits.
“Doc Gallagher is one of the worst offenders I have seen,” said Lori Varnell, chief of the Tarrant County District Attorney’s Elder Financial Fraud team.
The latest news from around North Texas.
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.
Gallagher has been behind bars since his March 2019 arrest on similar charges filed in Dallas County. In 2020, he pleaded guilty to those charges and was sentenced to 25 years in prison. He was indicted in Tarrant County in August 2019.
“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,” Varnell said in a statement.

source

Share this
Tags

Must-read

This west Fort Worth school shut down football twice. Now its playing for a state title – Fort Worth Star-Telegram

This west Fort Worth school shut down football twice. Now its playing for a state title  Fort Worth Star-Telegramsource

Fight Over Arlington Natural Gas Drilling Expansion Isn't Over, Day Care Owner Says – NBC 5 Dallas-Fort Worth

A day care owner says a nearby natural gas operation poses a health risk to children in her care.But after the city of Arlington...

Keith Urban skips Dallas and picks Fort Worth as only 2022 Texas tour stop – CultureMap Dallas

Country superstar Keith Urban has added 50 dates to his upcoming The Speed of Now World Tour, including a stop at Dickies Arena...
spot_img

Recent articles

More like this

LEAVE A REPLY

Please enter your comment!
Please enter your name here