Money Doctor” targeted seniors





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Texas Department of Insurance




Fraud files with Doc Gallagher photo [ [link removed] ]

Sgt. Steve Richardson led the Texas Department of Insurance’s (TDI) Fraud Unit investigation into William Neil “Doc” Gallagher, a radio host in the Dallas area. Gallagher, known as the “Money Doctor,” targeted seniors to surrender their annuities and give him the money to “invest.”

In 2020, Gallagher was convicted of securities fraud, theft, and money laundering, all first-degree felonies. He got three life terms. Hear Sgt. Richardson recount some case details and learn how to avoid becoming a victim of insurance fraud.

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Tips to avoid fraudulent insurance sales scams [ [link removed] ] (Español [ [link removed] ])

 

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