"A premiere true American...with integrity in all his pursuits.” Sponsors Routable - http://ohmyfraud.promo/routable Rightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF) (00:00) - Introduction and CPE Credit Information (01:30) - Welcome to Oh My Fraud (02:34) - Listener's Confession (06:15) - The Story of William Neil Gallagher Begins (08:07) - The Rise of Gallagher Financial Group (20:04) - The Investigation Begins (21:19) - Uncovering the Ponzi Scheme (26:52) - Gallagher's Downfall and Legal Consequences (35:37) - The Aftermath and Lessons Learned (42:55) - Conclusion and Final Thoughts HOW TO EARN FREE CPE In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate. Download the app: Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728 Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app Join Caleb and Greg live in New Jersey NJCPA Convention & Expo [NJCPA] CONNECT WITH CALEB Twitter: https://twitter.com/cnewquist LinkedIn: https://www.linkedin.com/in/calebnewquist/ Email us at
[email protected] Sources: Cleansing of the Temple [Wikipedia] Money Doctor Neil Gallagher Gets a Bad Checkup [D Magazine] The Texas Preacher’s $24 Million Ponzi Scheme [Bloomberg] The Money Doctor — Parts I and II [The Perfect Scam] Securities and Exchange Commission v. William Neil "Doc" Gallagher, Gallagher Financial Group, Inc., and W. Neil Gallagher, Ph.D. Agency, Inc. [SEC] Securities and Exchange Commission v. William Neil “Doc” Gallagher [PACER, Case 3:19-cv-00575-K, retrieved March 13, 2025, SEC] One of D-FW’s best-known financial advisers is in Dallas County jail, with bail set at $1 million [Dallas Morning News] Confession [The State of Texas v. William Neil Gallagher] William Neil 'Doc' Gallagher: Sentenced to 25 Years, $10.3 Million Restitution [Texas State Securities Board] 13 things you need to know about Doc Gallagher, the Bernie Madoff of North Texas [Dallas Morning News] A Christian talk show host promised to enrich clients. His Ponzi scheme bilked them out of millions. [Washington Post] Now that prosecutors have put Doc Gallagher in prison for life, focus turns to his mistress [Dallas Morning News] Mistress of "Doc" Gallagher Sentenced to Life in Prison [Tarrant County, Texas] RECEIVER’S INITIAL STATUS REPORT AND FIRST QUARTERLY REPORT [GFG Receivership] The Money Doctor [Bloomberg Investigates] Gallagher Financial Group Receivership [GFG Receivership]
