TX Woman Gets Life In $31M Christian Ponzi Scheme

USA Today reports:

A Texas woman was sentenced Tuesday to life in prison for her role in a Ponzi scheme, in which she helped a Christian radio host bilk elderly listeners out of millions of dollars, prosecutors said.

A jury found Debra Mae Carter, 65, guilty on July 8 of money laundering following a two-week trial, according to the Tarrant County Criminal District Attorney’s Office. Prosecutors said Carter is the mistress of former Texas radio host, William Neil “Doc” Gallagher, who operated the Ponzi scheme.

Gallagher, who called himself the “Money Doctor,” was sentenced in November 2021 to three life sentences and an additional 30 years in prison on charges including forgery, securing the execution of a document by deception, theft of property, and exploitation of the elderly.

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Prosecutors believe the mistress was the mastermind behind the scheme that resulted in the radio show’s elderly listeners losing more than $31 million. https://t.co/35FJrSrWhG

— FOX 4 NEWS (@FOX4) July 31, 2024

Texas Christian Radio Host Gets Three Life Sentences For Ponzi Scheme That Bilked Millions From Seniors – https://t.co/5DdajREFpZ pic.twitter.com/qoF6fYuD2o

— JoeMyGod (@JoeMyGod) November 2, 2021