FORT WORTH (CBSDFW.COM) –  William Neil “Doc” Gallagher, the self-styled “Money Doctor,” was sentenced to three life sentences in prison — plus another 30 years behind bars — in Fort Worth Monday, Nov. 1.

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

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Judge Elizabeth 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,” said Lori Varnell, chief of the Tarrant County Criminal District Attorney’s Elder Financial Fraud team. “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…

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