Latest topics
» Top-5-conspiracy-theories-that-turned-out-to-be-true
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 10:24 am by topspin2

» Scam Alert! The Sourcetruth Matrix Cult Video
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 9:48 am by RamblerNash

» Random Acts Of Kindness
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:37 am by PurpleSkyz

» The Giant Hole In The Moon!
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:35 am by PurpleSkyz

» Saving America's Great Barrier Reef
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:32 am by PurpleSkyz

» China Quarantines City Of 11 Million As Hong Kong Confirms Second Case Of Coronavirus
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:29 am by PurpleSkyz

» NIBIRU News ~ Nibiru "Planet X" Confirmed By Google Sky? plus MORE
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:23 am by PurpleSkyz

» New facility to produce oxygen from Moon dust
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:20 am by PurpleSkyz

» SCAMMER ALERT! - Judy aka Quartz Crystal the Source Player is PLAYING You for DONATIONS! - PLUS A CULT MEMBER CONVERSATION
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:13 am by Malisa

» Crashed UFOs and secret operational bases in Antarctica Part 2
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyToday at 12:12 am by PurpleSkyz

» Karen Hudes ~ "In Transition to a Kinder World" Part 1&2
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 8:33 pm by PurpleSkyz

» The Neila by TS Caladan
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 2:05 pm by PurpleSkyz

» Vermont Bill Would Ban Cell Phone Use for Anyone Under Age 21
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 11:31 am by PurpleSkyz

» FULL (of it) Benjamin blablabla Fulford 1-20-2020… Rothschilds kicked out of Russia and Japan as world revolution unfolds
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 11:28 am by PurpleSkyz

» Who Built The Kapilikaya Rock Tomb?
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 11:12 am by PurpleSkyz

» Is the new ‘deadly China virus’ a covert operation?
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 11:05 am by PurpleSkyz

» Loci: BigRep rolls out 3D printed autonomous electric podcar
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 10:54 am by PurpleSkyz

» Oumuamua Turns Right Near the Sun By Telescope?
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 10:50 am by PurpleSkyz

» MIT Shape Changing Interface Letting You Interact From A Long Distance
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 10:43 am by PurpleSkyz

» #QTard Drama Theater - Impeach Highlights/Schiff Caught Leaking Again plus more
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. EmptyYesterday at 10:41 am by PurpleSkyz






CURRENT MOON




You are not connected. Please login or register

OUT OF MIND » LEGAL DEFENDERS & FREEDOM FIGHTERS » MARK ALEXANDER - DALLAS LITIGATION LAWYER » Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C.

Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C.

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

Over the past 12 years my law firm has represented more than 130 people across the U.S. who have been defrauded of their hard-earned money by unscrupulous oil and gas companies.During that time we have obtained substantial judgments and settlements for clients. Importantly as a result of those judgments and settlements my firm has worked to collect money for our clients.Some of my firm’s clients have been doctors, lawyers, bankers, accountants and retired NFL players. We want to help.



Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. 9778b3a94c3dd37b


Retirement Savings. Here Today. Gone Tomorrow.

“Money Doc” Sickens Retirees. When every week brings a new financial fraud discovery, a Ponzi scheme raising almost $20 million may seem like yesterday’s news. But Texas resident and radio host, William Neil “Doc” Gallagher managed to place 60 senior citizen’s retirement in substantial jeopardy. 

The victims of the self-proclaimed “Money Doc” ranged from 62 to 91 years of age, and trusted Gallagher with their retirement funds. Through the three different entities Gallagher used, he actually raised $30 million of which all but one million dollars was as a result of people rolling over IRA and 401(k) balances. Even as late as January 2019, Gallagher raised another $500,000. SEC Complaint .

The SEC brought suit on March 7 against Gallagher, Gallagher Financial Group and W. Neil Gallagher, Ph.D. Agency for his [alleged] Ponzi Scheme. And on March 8, the “Money Doc” was arrested on two first degree felony charges in Dallas County following a Grand Jury Indictment for securities fraud and money laundering. Dallas County Press Release .

The Tragedy. How does anyone over the age of 60 financially recover from losing their retirement savings? Would you want to start your savings plan over?

The Set-Up. Gallagher hosted three weekly retirement radio shows, aiming at a Christian audience. His website incorporated a religious theme and he authored four books including Jesus Christ, Money Master: Four Eternal Truths that Deliver Personal Power and Profit and The Money Doctor’s Guide to Taking Care of Yourself When No One Else Will. With his investment product, Diversified Growth and Income Strategy Account, he promised investors “guaranteed, risk-free returns ranging from 5-8%.” SEC Complaint . 

Where’s the Money? The good news for early investors is Gallagher paid them $5.8 million, using other investors’ money. He falsified documents regarding earnings, as he only purchased one annuity worth $75,000. The bad news: As of January 31, 2019, Gallagher’s companies only had $821,951. The SEC claims Gallagher paid $3.2 million in personal expenses, $945,000 for radio, web and media expenses, $2.3 million in payroll, bonuses and consulting fees and $633,000 in legal fees. The SEC or a commercial lawyer will need to track down the rest of the money. 

How to Avoid Scams. Unfortunately, there is not a single way to avoid scams, but there are several things you can do to limit your exposure.

  • Agent Registration. Securities Registration. Verify if the fund and the agent are registered with the State and the SEC. Gallagher was not currently registered as an investment advisor. Although, he was licensed to sell insurance products in Texas.
  • Check History. Gallagher was reprimanded by the Texas State Securities Board in 1999 for advertising he was a registered investment adviser, when he was not, and for falsifying check-receipt books.
  • Media Search. In 2009 DMagazine outed Gallagher in an article that is still available on the internet. The article outlines a few of Gallagher’s indiscretions and work history problems, allowing prospects to question Gallagher’s legitimacy. DMagazine Article .
  • Verify Statements. If you receive audited financials, send a copy of the auditor statement to the auditor to verify the letter is legitimate. When you receive statements directly from your broker, make sure you also receive statements directly from the fund (if they are not the same person or entity). 
  • Stay Vigilant. If you recommend an advisor or fund, or you have received a recommendation, stay in touch with other investors. Share any concerns you may have with one another to quickly spot potential issues.


When it comes to investments, retirement savings and financial transactions, you can never be too careful. We hope your investments will yield high rewards.  And, if you find yourself in need of commercial lawyer or a breach of contract attorney, we are ready to put our decades of winning experience to work for you. 

Mark Alexander
5080 Spectrum, Suite 850E
Addison, Texas 75001
Ph: 972.544.6968
Fax: 972.421.1500 
E-Mail: mark@markalexanderlaw.com 
www.commerciallitigationtexas.com  
www.oilandgasfraudlawyer.com








  

PurpleSkyz

PurpleSkyz
Admin
Retirement Savings. Here Today. Gone Tomorrow by Mark Alexander P.C. 1292150244



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum