‘See you in church’: North Texas Ponzi scheme ‘Money Doctor’ sentenced to life terms

William Neil “Doc” Gallagher, the self-styled “Money Doctor,” was sentenced to three life sentences in prison – plus another 30 years behind bars – Nov. 1 by Judge Elizabeth Beach.

The sentences were a result of his guilty plea on Aug. 31, 2021, to charges stemming from a Ponzi scheme he ran in Hurst that bilked senior citizens out of millions of dollars.

Beach sentenced Gallagher to life terms on three charges – securing the execution of a document by deception for an amount greater than $200,000, theft of property more than $300,000 and misapplication of fiduciary property or property of financial institution of more than $300,000.

He was sentenced to another 10 years each on three charges: One charge of forgery against the elderly and two charges of exploitation of the elderly.

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

“He amassed $32 million in loss to all of his clients and exploited many elder individuals. He worked his way around churches preying on people who believed he was a Christian.”

Gallagher, 80, ran the “Gallagher Financial Group” that advertised on Christian radio with the tag line “See you in church on Sunday.” In 2020, he pleaded guilty to similar charges in Dallas County and was…

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