Oh My Fraud

A Man of Fraud


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"A premiere true American...with integrity in all his pursuits.”


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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


  • HOW TO EARN FREE CPE

    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]
    ...more
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    Oh My FraudBy Caleb Newquist

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