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Radio host, 79, is sentenced to 25 years in prison for a $29.2million Ponzi scheme that targeted his elderly, Christian listeners
[Daily Mail, where America gets its news] - William Neil 'Doc' Gallagher, 79, who admitted to conning elderly listeners out of $29.2M in a Ponzi scheme received 25 years in prison on Friday
- The North Richland Hills man was ordered to pay more than $10M in restitution
- Prosecutors said Gallagher targeted older, Christian listeners of his show, called The Money Doctor, and met with them to discuss 'risk-free income'
- He guaranteed annual returns of 5% to nearly 9% if they invested in securities with him, according to the criminal complaint
Posted by: Skidmark 2020-04-03 |
