Texas Radio Host Who Bilked Listeners Out of Millions Is Sentenced to Life – The New York Times

William Neil Gallagher, a Texas radio host known as the Money Doctor who promoted his business on Christian radio, was sentenced to three life terms for a Ponzi scheme that defrauded more than 190 listeners of at least $23 million.

Mr. Gallagher, 80, targeted older investors, promoting his company, Gallagher Financial Group, in churches and on the radio, according to prosecutors. The company had offices in Dallas and in Hurst, a city about 25 miles west from Dallas in Tarrant County.

Mr. Gallagher, who went by the nickname Doc, pleaded guilty on Aug. 31 to several charges connected to what prosecutors described as a Ponzi scheme that lasted nearly 10 years and bilked older people of their retirement savings. He was sentenced to three life sentences on Monday and an additional 30 years for charges of forgery against the elderly and exploitation of the elderly.

via www.nytimes.com

Unfortunately, the death sentence was not available.