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Texas Radio Host Gets 3 Life Sentences For Scamming Millions From Elderly Listeners

FORT WORTH, Texas (AP) — A Texas radio host was sentenced to 3 life jail sentences Monday for a Ponzi scheme wherein he bilked aged listeners out of tens of millions of {dollars}.

William Neil “Doc” Gallagher additionally obtained a 30-year jail sentence from state District Judge Elizabeth Beach for his August responsible pleas. The sentences are to be served concurrently.

The sentencing got here after greater than a dozen senior victims testified throughout a three-hour court docket listening to about dropping anyplace from $50,000 to $600,000 invested within the Gallagher Financial Group. Some stated they needed to promote their houses, borrow cash from their youngsters or take part-time jobs to complement their Social Security advantages.

“Doc Gallagher is one of the worst offenders I have seen,” stated Lori Varnell, chief of the Tarrant County District Attorney’s Elder Financial Fraud crew.

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Gallagher, 80, and his Gallagher Financial Group marketed on Christian radio with the tagline, “See you in church on Sunday.” He promoted his funding enterprise in books, reminiscent of “Jesus Christ, Money Master,” and on Christian radio broadcasts.

Gallagher has been behind bars since his March 2019 arrest on comparable fees filed in Dallas County. In 2020, he pleaded responsible to these fees 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 stated in a press release.

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