FORT Truly worth, Texas — A Texas radio host was sentenced to a few daily life jail sentences Monday for a Ponzi plan in which he bilked aged listeners out of thousands and thousands of dollars.
William Neil “Doc” Gallagher also received a 30-12 months prison sentence from state District Decide Elizabeth Seaside for his August responsible pleas. The sentences are to be served concurrently.
The sentencing came just after extra than a dozen senior victims testified in the course of a 3-hour courtroom listening to about getting rid of any where from $50,000 to $600,000 invested in the Gallagher Economic Group. Some explained they experienced to sell their properties, borrow money from their children or get section-time work opportunities to nutritional supplement their Social Security advantages.
“Doc Gallagher is one of the worst offenders I have found,” said Lori Varnell, chief of the Tarrant County District Attorney’s Elder Financial Fraud group.
Gallagher, 80, and his Gallagher Economic Group marketed on Christian radio with the tagline, “See you in church on Sunday.” He promoted his expenditure business in guides, these kinds of as “Jesus Christ, Revenue Grasp,” and on Christian radio broadcasts.
Gallagher has been powering bars considering that his March 2019 arrest on similar fees filed in Dallas County. In 2020, he pleaded responsible to those fees and was sentenced to 25 yrs in jail. He was indicted in Tarrant County in August 2019.
“He ruthlessly stole from his consumers who trusted him for virtually a 10 years. He amassed $32 million in loss to all of his shoppers and exploited numerous elder folks. He worked his way around church buildings preying on individuals who thought he was a Christian,” Varnell stated in a assertion.
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