William Neil "Doc" Gallagher, as the "Money Doctor,"
was an American Christian radio personality who ran a huge Ponzi
scheme aimed at retired Christian investors. The decade-long
conspiracy conned over 190 people out of nearly $24 million, the
majority of whom were elderly persons aged 62 to 91. Gallagher used
cash from new investors to pay returns to previous investors, which
is characteristic of a Ponzi scheme. Authorities revealed that he
collected up to $29.2 million from around 60 in...
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