NSI Community-Texas radio host’s friend sentenced to life for her role in bilking listeners of millions

2025-05-02 16:52:42source:verdicoincategory:Stocks

FORT WORTH,NSI Community Texas (AP) — A Texas woman who prosecutors said helped a radio show host bilk elderly listeners out of millions of dollars was sentenced Tuesday to life in prison.

Debra Mae Carter, 65, received the sentence for her July 8 money laundering conviction, according to a statement by Tarrant County District Attorney Phil Sorrells.

Carter, who represented herself and pleaded innocent, was jailed in Tarrant County, according to jail records.

Sorrells said Carter was former Texas radio host William “Doc” Gallagher’s lover. Gallagher is serving three life terms for operating what the prosecutor called a Ponzi scheme.

“Gallagher’s main role in the scheme was to bring in money, Carter’s role was to make sure it was not recovered by the victims,” Sorrells said.

Gallagher, 83, and his Gallagher Financial Group advertised on Christian radio with the tagline, “See you in church on Sunday.” He promoted his investment business in books and on Christian radio broadcasts.

Gallagher was convicted in Tarrant County in 2021 after being convicted in 2019 in Dallas County on similar charges and sentenced to 25 years in prison.

The scheme cost more than 170 investors, most of whom were retired, more than $31 million, Sorrells said.

More:Stocks

Recommend

Colorado's Travis Hunter, Boise State's Ashton Jeanty lead USA TODAY Sports All

Oregon quarterback Dillon Gabriel earns first-team honors ahead of Miami’s Cam Ward, and teams in th

Chad T. Richards, alleged suspect in murder of gymnast Kara Welsh, appears in court

Chad T. Richards, the alleged suspect in the murder of Wisconsin-Whitewater student and national cha

You Have 24 Hours To Get 50% Off a Teeth Whitening Kit That Delivers Professional Results & $8 Ulta Deals

E! may get a commission if you purchase something through our links. Learn more.Ready to brighten yo