A Texas radio host became as soon as sentenced to about a lifestyles penitentiary sentences Monday for a Ponzi intention by which he bilked aged listeners out of hundreds and hundreds of bucks.
William Neil “Doc” Gallagher additionally received a 30-year penitentiary sentence from insist District Judge Elizabeth Coastline for his August responsible pleas. The sentences are to be served concurrently.
The sentencing came after more than a dozen senior victims testified within the future of a 3-hour court hearing about losing anyplace from $50,000 to $600,000 invested within the Gallagher Financial Neighborhood. Some mentioned that they had to sell their properties, borrow money from their youngsters or engage allotment-time jobs to supplement their Social Security advantages.
This undated photo offered by the Dallas County Sheriff’s Department exhibits William Neil “Doc” Gallagher.
(Dallas County Sheriff’s Department by means of AP, File)
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“Doc Gallagher is one in every of the worst offenders I with out a doubt like considered,” mentioned Lori Varnell, chief of the Tarrant County District Attorney’s Elder Financial Fraud team.
Gallagher, 80, and his Gallagher Financial Neighborhood marketed on Christian radio with the tagline, “Be aware you in church on Sunday.” He promoted his funding change in books, equivalent to “Jesus Christ, Money Grasp,” and on Christian radio announces.
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Gallagher has been within the serve of bars since his March 2019 arrest on equivalent costs filed in Dallas County. In 2020, he pleaded responsible to those costs and became as soon as sentenced to 25 years in penitentiary. He became as soon as indicted in Tarrant County in August 2019.
“He ruthlessly stole from his customers who relied on him for practically a decade. He gathered $32 million in loss to all of his customers and exploited many elder people. He worked his manner round churches preying on those that believed he became as soon as a Christian,” Varnell mentioned in a commentary.
