A preacher from Texas, United States built a $24 million Ponzi scheme by preying on older and religious investors in the state. According to a report in Bloomberg, the Texas preacher identified as Doc Gallagher allegedly preyed on older, religious investors who defended him as a man of faith. Doc Gallagher whose real name is William Neil Gallagher is the owner of Gallagher Financial Group Inc., a financial planning firm. Reportedly, Doc Gallagher also had a long-running show on Christian radio. Many people invested in Gallagher as he was endorsed by people across the state. Men Presenting Themselves as Pastors Charged in $28M Scheme.

How Texas Preacher Built $24 Million Ponzi Scheme

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