FORT WORTH, Texas (AP) — A Texas vigor big was sentenced to 3 beingness situation sentences Monday for a Ponzi strategy successful which helium bilked aged listeners retired of millions of dollars.
William Neil “Doc” Gallagher besides got a 30-year situation condemnation from authorities District Judge Elizabeth Beach for his August blameworthy pleas. The sentences are to beryllium served concurrently.
The sentencing came aft much than a twelve elder victims testified during a three-hour tribunal proceeding astir losing anyplace from $50,000 to $600,000 invested successful the Gallagher Financial Group. Some said they had to merchantability their homes, get wealth from their children oregon instrumentality part-time jobs to supplement their Social Security benefits.
“Doc Gallagher is 1 of the worst offenders I person seen,” said Lori Varnell, main of the Tarrant County District Attorney’s Elder Financial Fraud team.
Gallagher, 80, and his Gallagher Financial Group advertised connected Christian vigor with the tagline, “See you successful religion connected Sunday.” He promoted his concern concern successful books, specified arsenic “Jesus Christ, Money Master,” and connected Christian vigor broadcasts.
Gallagher has been down bars since his March 2019 apprehension connected akin charges filed successful Dallas County. In 2020, helium pleaded blameworthy to those charges and was sentenced to 25 years successful prison. He was indicted successful Tarrant County successful August 2019.
“He ruthlessly stole from his clients who trusted him for astir a decade. He amassed $32 cardinal successful nonaccomplishment to each of his clients and exploited galore elder individuals. He worked his mode astir churches preying connected radical who believed helium was a Christian,” Varnell said successful a statement.