Radio Star, Financial Planner Doc Gallagher Netted Millions in Fraudulent Investment Scheme, Police Say

Famed radio host and financial consultant William Neil Gallagher was arrested Friday, accused of running a fraudulent investment scheme that netted millions.Gallagher, who hosted "The Money Doctor" on AM radio and served as president and CEO of Gallagher Financial Group, was indicted in Dallas County on one count of securities fraud over $100,000 and money laundering over $300,000.Last week, the United Securities and Exchange Commission entered an order freezing assets and appointing a Dallas attorney to marshal them for investors' benefit.Gallagher was transferred from the Tarrant County jail to the Dallas County jail Tuesday. Bail had not yet been set.  Continue reading...

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