5: Doc Gallagher: Texas, God, and Affinity Fraud = Three Life Sentences
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Show Notes
Retired Christians Fall Prey to 'Money Doctor's' $32 Million Ponzi Scheme.
William Neil Gallagher, also known as "Doc" Gallagher, orchestrated a massive Ponzi scheme targeting retired Christians. Operating under the guise of a licensed investment adviser, Gallagher exploited the trust of up to 190 senior-citizen investors, ranging from ages 62 to 91. With losses estimated between $19.3 million and $32 million, this affinity con artist promised guaranteed, risk-free returns of 5% to 8% per year, only to shatter the dreams of those seeking financial security in their golden years.
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