The Money Doctor — Radio Host Ponzi Scheme, Part 1

Most people in Dallas, Texas, know William Neil “Doc” Gallagher as the “Money Doctor.” The radio host and author of financial self-help books holds himself up as a pillar of his close-knit Christian community. Doc uses his smooth radio voice to emcee for Dallas’ much loved Senior Follies singing group. He offers financial advice to anyone willing to lend and ear and lavishes friends and acquaintances with gifts. But all of Doc’s good deeds come with sinister strings attached. The “Money Doctor” is using his power and influence to steal more than $20 million from investors in a Ponzi scheme.

Om Podcasten

AARP’s weekly podcast The Perfect ScamSM tells the stories of people who find themselves the target of a scam. Host Bob Sullivan introduces listeners to those who have experienced scams firsthand, as well as professional con artists and leading experts who pull back the curtain on how scammers operate.