Radio host William Neil “Doc” Gallagher gets 3 life sentences for Ponzi scheme that bilked senior citizens

206
SHARE

During a three-hour court hearing on Monday, more than a dozen elderly victims testified against Gallagher. The victims told that they lost a significant amount of money, around $50,000 to $600,000 that they invested in Gallagher Financial Group.

One of the victims, Judy Dewitt said, “I’m afraid my money is going to run out. It’s a very scary thing.” She and other victims requested Judge Beach to punish Gallagher with a life sentence.

Judge Beach gave Gallaher three life sentences in prison on three charges:

  1. securing the execution of a document by deception for an amount greater than $200,000
  2. theft of property more than $300,000
  3.   misapplication of fiduciary property or property of a financial institution of more than $300,000

Judge Beach also sentenced the 80-year old scammer to additional 30 years in prison on one charge of forgery against the elderly and two charges of exploitation of the elderly.

In a statement, Lori Varnell, chief of the Tarrant County Criminal District Attorney’s Elder Financial Fraud team, commented, “Doc Gallagher is one of the worst offenders I have seen. He ruthlessly stole from his clients who trusted him for almost a
decade.