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• (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

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.

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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]