Are you looking for a financial adviser?
Well take a close look at Neil Gallagher, an Ivy League educated Ph.D., otherwise known as the "Money Doctor."
Note: anyone who uses some kind of catchy name like the "Money Doctor" should always be suspected of being a con artist.
Aside from his impressive "Ivy League" credentials (it's odd that he never discloses what his Ph.D. is in) Gallagher is likely to appeal to many folks due to his strong and vocal belief in Christianity.
He's also a libertarian, so he's likely to lure many more suckers.
I've previous exposed the fact that the libertarian pitch is a huge con designed to suck money from you while preaching "freedom and liberty."
Perhaps you know of some other libertarian financial advisers.
Sounds pretty good, huh?
Apparently, he's also a big man on campus!
On Thursday, March 1st, 2018, Neil Gallagher, President and CEO of the Gallagher Financial Group, spoke at The Executive & Entrepreneurial Leadership Forum at his alma mater Brown University to rave reviews. Over a dinner attended by 50 student leaders and college varsity captains from around the country, Gallagher gave a speech on the topics of his success, failures, wisdom, and his faith journey in life. Gallagher also donated $1,000 to Brown University to put towards the event and the young leaders in attendance.
Sponsored by the Cru (the Campus Crusade for Christ International in the U.S.) the forum was a smashing success, with one attendee Rob, a student senator from the University of Minnesota, saying "the quality and sincerity of Dr. Gallagher was what I liked best. Great advice! I enjoyed hearing his success stories as well hearing how he learned from his failures."
After getting his PhD from Brown University in 1981, Dr. Gallagher became the first man from Rhode Island to join the Peace Corps, serving in NW Thailand as a teacher and medic in leper colonies, for which he received the Foreign Service Award from the Government of Thailand. Following his time in the Peace Corps, Dr. Gallagher became a professor at Texas Christian University teaching Logic and Ethics, and then a professor of Philosophy of Religion and World Religion at the University of Houston.
What a noble man; a man of integrity as well?
But there's already a few red flags.
First, Gallager uses religion as a way to lure religious zealots who are too naive to realize that anyone who pulls this stunt is not likely to be trustworthy.
Can you think of anyone else who couples religion with money and finances?
Incidentally, I'm willing to bet Gallagher is Jewish (not by religion, as I do not define Jews by religion but by genetics and ethnic background).
While Gallagher claims to be a Christian and has an Irish name, don't make the mistake of thinking there are no Jewish with Gentile surnames because there are. There are many.
And remember. Jews took over the Vatican a long time ago.
Why do you think there are so many pedophile priests? Duh.
Next, Gallagher refers to himself as "Dr." even though he is not a medical doctor.
By the way, don't you just love the fact that Gallagher never tells you what his Ph.D. is in?
Based on what I've found, I'm guessing journalism or something related.
Now obviously having a Ph.D. in journalism is completely irrelevant for being an investment professional. But then again, Gallagher wasn't even licensed to sell securities or provide financial advice, so he wasn't even a financial professional!
On the other hand, we've seen how having a Ph.D. in a related field doesn't necessarily mean you're competant. Take for instance the case of the Jew John Hussman.
Hussman loves to tout his Ph.D. in economics while spewing pseudointellectual rhetoric in order to lure people into his terrible performing investment funds.
As I have previously discussed, Hussman should shut down his funds and retire after getting everything so wrong for so long.
And then we have Jewish knuckle heads Ben Stein and Jeremy Siegel, both with Ph.D.s in economics as well. I've previously exposed these clowns.
If you want to be an expert in chemistry you must have a Ph.D. in chemistry as a bear necessity.
But you don't need a Ph.D. in business, economics or finance to be an expert investor or businessman.
Why might that be?
Business, economics and finance Ph.D.s are fairly useless for business and investing.
Whenever a person uses the title "Dr." because they have a Ph.D. rather than an M.D., O.D. or D.M.D., you should always suspect they are a con artist and possible fraud because they are trying to display a sense of credibility in order to gain your trust.
Every individual I have come across claiming to have a Ph.D. (if the person flaunts their Ph.D. I would not even believe they have one unless I see specific evidence) in a field where their educational is not directly relevant to their business has been at least con artist.
Want some examples?
Take a look at Dr. Martin Weiss, the creepy looking fear-mongering broken clock copywriting scam artist who was sued by the SEC.
Or what about "Dr." Chris Martenson, the climate change and coronavirus con man and New World Order shill working to advance the agendas of the Rockefeller Foundation.
The truth finally came out about the "Money Doctor."
A Texas radio host and financial consultant who admitted to conning elderly listeners out of millions of dollars in a Ponzi scheme was sentenced to 25 years in prison.
The sentence was imposed as part of a plea deal that William Neil "Doc" Gallagher, 79, agreed to on Friday with Dallas County prosecutors, the Dallas Morning News reported.
Gallagher targeted older, Christian listeners of his show, called "The Money Doctor"...
Read the Full story here.
William Neil Gallagher, Ph.D., aka “The Money Doctor,” has spent years on the radio—he’s currently on Saturday mornings on KAAM-AM (770)—sharing investment knowledge like a preacher proselytizing to the masses. His signature sign-off: “See you in church tomorrow.”
One fact that Gallagher doesn’t mention to his radio audience is that he isn’t licensed to sell securities, and hasn’t been at least since 2001, when he was dismissed by...
Though Gallagher had a documented history of investor complaints during his career as a financial adviser—beginning with A.G. Edwards in 1987—the big trouble began in the fall of 1999.
Read the Full Story at D Magazine.
Christian financial planner praised by Robert Jeffress facing Ponzi scheme charges
DALLAS (RNS) — W. Neil “Doc” Gallagher liked to tell radio listeners his investment advice was guided by Scripture.
Law enforcement authorities claim he ignored the part that says, “Thou shalt not steal.”
Gallagher, 78, faces civil and criminal charges alleging that he stole more than $19 million from senior citizens, who put their faith in him after listening to his paid weekly radio broadcasts.
William Neil 'Doc' Gallagher: Sentenced to 25 Years, $10.3 Million Restitution
William Neil “Doc” Gallagher, the self-styled "Money Doctor" who advertised frequently on Christian radio in North Texas, was sentenced to 25 years in state prison on March 27 and ordered to pay $10,386,816 in restitution to the victims of the long-running fraud he operated from his retirement planning firm.
Gallagher pleaded guilty to first-degree charges of securities fraud and money laundering in the 194th Criminal District Court of Dallas County. He was arrested March 8, 2019, and was held in Dallas County Jail until his sentencing.
Gallagher confessed to defrauding investors from 2013 into 2019. The majority of the victims are senior citizens and most were clients of his firm, Gallagher Financial Group Inc. (GFG), which had offices in Hurst and Dallas.
Gallagher and GFG had not been registered with the Texas Securities Commissioner as agents, brokers, or investment advisers since 2008.
The Dallas District Attorney’s Office prosecuted Gallagher. The criminal case was the result of a joint investigation by the Dallas DA’s office, the Texas Department of Insurance, the Texas State Securities Board, and the Hurst Police Department.
Gallagher promoted his investment business on Christian radio and in books like “Jesus Christ, Money Master." He also regularly conduct in-person "educational" seminars at which he promoted his business.
A U.S. District Court in Dallas last year froze the assets of Gallagher Financial Group and appointed Dallas attorney Cort Thomas as the receiver to take control of the company. Cort is providing court documents and updated investor information on the Gallagher Financial Group website.
SEC Charges Texas Radio Host "The Money Doctor," Halts Ponzi Scheme Targeting Elderly Investors
The Securities and Exchange Commission announced that it has charged Texas resident William Neil "Doc" Gallagher-the self-styled "Money Doctor" featured on three Dallas-area radio stations-in an emergency action to shut down a $19.6 million Ponzi scheme targeting elderly investors' retirement funds. The SEC also charged Gallagher Financial Group, Inc. and W. Neil Gallagher, Ph.D. Agency, Inc., companies that Gallagher used to carry out the scheme.
The SEC's complaint, which was filed under seal on March 7, 2019, alleged that Gallagher made frequent religious references on his radio shows to establish his standing among a target audience of retired Christian investors. From December 2014 through January 2019, he raised at least $19.6 million from approximately 60 senior citizens. Falsely claiming to be a licensed investment adviser, he offered an investment that he called a Diversified Growth and Income Strategy Account, in which he promised to acquire income-generating assets for his clients in five specified categories. He promised investors that they would receive guaranteed, risk-free returns in their accounts ranging from 5% to 8% per year. In reality, except for one $75,000 annuity purchase, Gallagher purchased no assets in any of the five categories and no other assets to back the promised returns. Instead, he exhausted virtually all investor funds on spending unrelated to the accounts, including misappropriating significant portions for personal and company expenses and to make Ponzi payments to investors. To lull investors and conceal the scheme, Gallagher provided investors phony account statements showing false account balances.
The SEC alleges that Gallagher and his companies violated Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 206 of the Investment Advisers Act of 1940. On March 8, 2019, United States District Judge Jane J. Boyle entered orders at the SEC's request, freezing their assets and placing them into receivership and temporarily enjoining the defendants from further violations. The SEC is seeking preliminary, permanent, and conduct-based injunctions as well as disgorgement, prejudgment interest, and civil penalties against the defendants.
In a related case, the Dallas County District Attorney's Office obtained an indictment against Gallagher on March 4, 2019, for securities-fraud and other criminal charges stemming from the scheme. On March 8, 2019, Gallagher was arrested on those charges, which remain pending.
The SEC's investigation was conducted by Melanie K. Good, John J. Devine, and Melvin E. Warren and supervised by Timothy S. McCole. The litigation is being conducted by Janie L. Frank and supervised by B. David Fraser. The SEC appreciates the assistance and cooperation of the Dallas County District Attorney's Office, the Texas Department of Insurance, the Texas State Securities Board, the Hurst Police Department, and the North Richland Hills Police Department.
It's simple.
Never trust an individual or entity that uses religion to recruit customers because you can bet they're always going to be con artists.
This advice should be especially emphasized when it pertains to the financial industry.
Dave Ramsey, are you listening?
Furthermore, in my opinion the least trustworthy financial advisers are likely to be libertarians.
Peter Schiff, are you listening?
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