"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

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]