The Texas Preacher Who Used God to Steal | Bloomberg Investigates
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- Опубликовано: 10 сен 2024
- In Tarrant County, Texas, an elderly man and former preacher advertised himself as “The Money Doctor”. He exploited the trust of his peers, skillfully hiding deceptive financial practices under a cloak of religious virtue. Bloomberg Investigates unveils the intimate story of those whose lives were destroyed by this $38 million dollar Ponzi scheme.
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lol, if someone is writing a book called "Jesus Christ, Money Master", you might want to think twice about this guy.
💸🆘
Jesus was a communist.
Right! Read in the Bible what Jesus says of the rich
😂😂😂😂😂😂😂😂😂😂
these people would pay your rent if you were struggling
Evangelicals and Prosperty Gospel have to be the most successful con in the last 100 years.
religion is a con job
He should have promised riches in the afterlife, like every other evangelical.
Once an original exist, fake definitely exist too. Although it's important to note that Prosperity Preached properly is part of the gospel
That would be the government and “green” innovations.
what are shitcoins?! 😂
Beware of ANYONE bragging about how much integrity and humility one has. 🤔
“I am the most humble- no one is more humble than me!” -Trump at one his “off year” rallies in 2022
Right, bragging and humility don't go hand in hand...
you reminded me of what alita said at the hearings for his confirmation. I think he said that he had a lot of integrity...
Yup. I know a person at work who thinks every man she meets is in love with her, tells me how wonderful and beautiful she is, and how humble she is.
TRUTH! None of us are Perfect Angels Saints!!!!!!!!!!!!!!!!
"The devil can cite Scripture for his purpose." - Shakespeare
Jesus said that in the Bible before Shakespeare though 😅. It was said when the devil tried to tempt Jesus after his 40 days fasting
@@thehoneydeev you know your Bible is a collection of fairytales, right?
Can't distinguish evil from everyone else.
@@papagen00except it’s not.
@@papagen00 Why, have you read the Bible?
What are the odds? A wealth preacher running an investment fund in Texas...
That's sounding like Trump & the current Texas Governor!
@@terrytari1891I THINK YOU GOT THAT NAME WRONG💥💥💥💥💥💥💥
IT'S BIDENOBAMA +💰💰💰💰💰 AND HUNTER🖤
IT'S A FACT LOOK AT
ALL THE DESTRUCTION💣 IN OUR BELOVED ❤️
🇺🇸🇺🇸COUNTRY🇺🇸🇺🇸
OH'! I FORGOT THESE ARE A FEW MORE PELOSI,🖤💰💰 Schumer, 🖤💰💰AND
MANY FAR LEFT IN CONGRESS AND
SENATE 💰💰💰🖤🖤
And he's the only one who is getting wealthy from it.
@@terrytari1891 Not to mention Cancun Cruz!
@@beachbum1523 Cancun, is NOW in the hand of the Mexican Mafia & Drug Gangs!
Parole after 6 years?! He was given 3 life sentences plus 30 years. How on earth can someone who stole so much from so many (who believed he was a "Christian") be eligible for parole. He's probably got the 21 million that wasn't recovered stashed overseas. If paroled he will make a dash for this money.
In a few months over life savings
Lone Star State
I wonder how that is possible too. Outrageous!
& to think I was cheering for his three life sentences! Six years is one tiny slap on the wrist. And I agree that he likely has missing funds hidden outside the US.
Usually they make them serve at least 10 or 20 but if you noticed they said in that safe you could see imprints of gold or silver bars. Plus he didnt buy mansions and sports cars or anything crazy and 21mil is still missing. Usually they follow these dudes for a year or so after repease and since everyone involved is elderly they probably have to do it a little faster than usual. Cause you know as soon as hes released hes running straight to those gold bars..... And then they will arest him for those peoples money cause its almoat the end of alot of their lives he ripped off elderly. Stole their whole lifes savings thats so not right.
A preacher stealing. I'm shocked! Shocked, I tell you. 🙄
Brilliant comment, you win the internet today 👏
Millions of penticostals continue to be scammed ...thinking their following jesus 😅😅😅😅😅
It doesn't surprise me at all. See my comment.
😂😂
Oh! Preacher stealing ? What have we come to now! Can it really be true? Might be a case of miscommunication, I still say. Maybe they confuse fees for hardwork backbreaking task of prayers as a sort of ...I dunno.
“ I totally trusted him.” That’s your first mistake
Trust no one but Christ first.
Exactly.
There's so many of them out there,
hes just one of them who got caught. ⚖️
I was going to comment “the” implies one. Joel Osteen, TD Jakes, Robert Morris are all dirty too.
@@SleepyJoesDiaper
He's next ⚖️
isn’t that ALL of them. all religions are cults .. let’s be real here
The cause of so many wars, death, division and hate
There are a few well known bible thumping preacher on t,v. 3:03
@@SleepyJoesDiaperyep
The people in his office should have all been charged as accomplices. The fact that money was gone from the safe makes it clear that someone either tipped him off or actively removed it when the cops raided the office.
YES THEY SHOULD
There are only 6,500 of these preachers left in Texas.
And millions upon millions of gullible people believing in space wizards. It's about supply and demand really.
😂😂😂
Of course it’s Texas, it’s can only be Texas 🤡 state
Hahaha true statement.
That's odd,I've heard it pays well. 😂.
A guy named L. Ron Hubbard once said “If you want to make some real money, start a religion” if he can make one up off the top of his head and turn it into a billion dollar business and then target IRS agents through blackmail and lawsuits to get tax exempt status… I think the fact that these guys are so easily able to accumulate followers, is a follower problem.
Scientology is a human crisis business.
it's much the same with political parties
So many Texas preachers to choose from for this story. So little time....
Not just Texas greed is everywhere
Religeons are corrupt,have been throughout history and still are. 😢.
ALL THE PROSPERITY (So called) PREACHERS🖤🕳️🔥🖤🕳️🔥
Second oldest profession in the world. Learn the bible, talk about it, ask for money.
The only way to get rich. No taxes as well
Learning it is optional.
😂😂@@jaex9617
@@jaex9617you're funny asshyt
Ain't asking which the 1st oldest is😊.
Joel Osteen, Joyce Meyers, Kenneth Copeland and so many more are in the limelight doing what these individual preachers do but I uess they are covered by our government.
I like Joyce Meyers. At least she isn't pretending to know how to order around her present man. In a man's world.
Copeland also looks evil.
How can someone sentenced to 3 life sentences and an extra 30 years be eligible for potential release after serving just 6 years?
Money
Sickening
Why continuously ask such question. Do folk not realize/come to realize anything.
That's only for one of his crimes in another state, but he's got 3 life sentences to complete so will never happen.
The judge was promised part of the missing 20 million. It’s all in the negotiations that take place.
As the saying goes “money talks, BS walks!”
If someone is NOT a physician (MD), but insists on throwing around a “Dr” title and on being called “doc/doctor”….that is as big a “red flag” as I know of.
Agreed. And I have a PhD. If someone isn't referring to you in an academic context, you shouldn't use the title of doctor. Said another way, you're not a doctor outside of academia.
You can pay some religious "schools" to send you papers with fake academic credentials. They might request a sermon outline and transcript - but not much. There many "doctor" preachers that aren't scholars.
The talk radio stations that aired his program should be held to account, proper vetting was never done. In fact, at least one major radio host in the Dallas market was endorsing him.
Name him
Name him
Caveat Emptor, translated from Latin means Sheep Beware.
Thank Ronald Reagan and the Heritage foundation for gutting the nations broadcast standards! The FCC used to be able to protect our airwaves from the grifters.
KCBI KLTY they aired him and endorsed almost every morning when we listed to the radio driving the kids to school
“Words are wind” - GRRM. Trust only people who live moral not the ones that say they are moral.
Now see this is what "taking the Lord's name in vain" actually means.
Your comment gave me a different view of that scripture. Powerful statement! Thanks
Not the first and not the last.. your generous tithe goes straight into their pockets to get another private jet
Blessed by the lord
Don't you know the good word... supposedly Jesus wanted them to have a private jet, mansions, and other luxuries
Not all ministry is like that. I’ve been a part of one that literally every dime that comes in also goes back out plus whatever from the paycheck that isn’t bills. Real ministry is a constant never-ending sacrifice. There is not reward outside of eternity.
@@MightyWarriorCoalitionunfortunately there is no eternity for you to get your reward. You cannot plant something here on earth and honestly expect to reap your harvest when you die that in itself is the biggest con of all time.
Man cannot live by one jet alone. I think that's in the Bible.
How does someone get sentenced to three consecutive life terms plus 30 years and be eligible for parole after serving only 8 years? Maybe by having $21,000,000 stashed somewhere?
If anyone guarantees you double digit fixed rates of returns, turn around and leave.
3 concurrent life sentences plus 30 years and he is eligible for parole in 6 years? Something seems off.
Perhaps another "Christian" judge running another scam 🤔
He more than likely paid people off. The judge, the prosecutor.,...
they probably cut a deal with him to recover more money
She’s not wrong. When I lived in Utah and Hawaii, at least 3 ppl were scam artists that I met from Texas.
Christian Bernie Madoff.
He’s not “Christian”…..
This is the kind of person who does the bare minimum emotionally, manipulates to get what he wants, becomes a*usive when confronted with his crimes, and still expects to be respected, praised and worshipped.
When he started talking about money that's when ppl should have been concerned. Money and religion dont mix
Unless you look at all the evidence to the absolute contrary
Really? One of the most successful combinations of success and wealth.
Oh they absolutely do. Money loves religion. Religion shouldn't love money, but it does and so do people.
Heartbreaking story! How these guys can go on with a scam for years/ decades is shocking.
Nothing heartbreaking here.
Heartbreaking ????? M
Sounds like classic religious zealot to me. Like a wolf stealing from sheep 🐑
I get your point but please don’t get into shaming victims. The guy was a con artist. Let’s keep the blame where it belongs.
@@burlykim132 No fool like a religious fool. They were fooled hence the word fool.😂.
@burlykim132 he used their own greed against themselves. wasn't even sophisticated about it, the paperwork (according to the video) listed 20% to this, 25%to that ect. even scammers from Nigeria know how to produce more legitimate looking documents than that. their age is no excuse, they've all seen bank statements.
If you have 750k and wanting to do something so risky put 100k not all of it.. 😳
They are religious, I suppose critical thinking isn't their strong suite
That part...😢
@@Double_Dave At least a third of the world's top physicists are practicing Christians.
@@vaska1999 and 2 thirds aren't. But yeah, they should start using the scientific method for areas outside their career.
@@Double_Dave I thought we were talking about people with critical thinking skills, a prime example of whom would be top-tier scientists.
Many have used Jesus in their hustle. They will have to give account.
Isn't this a long list?
I mean when the congregation is poor and the minister is wealthy, what would you call it?
Different. That’s not a ponzi scheme. That’s getting people to willingly fund your lifestyle…equally appalling but very different.
Aside from the money he paid out, no one knows what happened to the rest of the money he stole?
The first red flag that I see from Doc Gallagher as he walks into your place and he starts pitching a product before he even asks his clients what their financial goals are .If that happens to me I am sending the guy right out the door. The other red flag I've seen is his guarantee of fixed return rates. None no financial planner can guarantee a precise amount of r.o.i.
He's not alone, therE's a whole bunch of them out there, some have stole millions and drive quarter million dollar sports cars and live in mansions,
I would estimate 80% of Texazz pastors are engaging in that business.
Don't they all
Definitely not.
@@MilesRCHabsolutely yes…religion is a con…the whole thing, every single one of them…
@@MilesRCHHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHHAAHAHHAHAHAHA!
@@MilesRCH You are aware that religion is and always has been a giant scam, right?
That’s why I avoid organized religion
"Religion began when the first scoundrel met the first fool." - Voltaire.
I can understand how senior citizens get scammed but not younger people. How could people be so gullible?
because most young people don't have substantial funds, retirement or otherwise. Also, and sadly, many older people are easily talked into scams and they don't do their due diligence.
"a premier true american"
Great documentary! Thank you, keep up the great work!
Jesus in the (true Gospel ) doesn't need or want your Money $$$ He wants your heart and to have a true fellowship & relation with him so you can live with Him in eternity...not by giving $ but by giving Christ your affection and praise ...He is the only one Worthy...
In the four Gospels (Mark, Matthew, Luke, John), Jesus regularly eschews wealth and, paraphrasing here, says that it's easier to thread the eye of a needle with a camel than for a rich man to get into heaven.
Anyone promoting the gospel and wealth is not a Christian but a charlatan. Unfortunately, there are way, way more charlatans than Christians in this country.
@@kellyngrey4950 you are 100% right ! hope to meet you in Heaven one day !
He doesn’t actually believe he was going to help people. He’s clearly intelligent. He will not get parole like this.
"religion preys on the weak and vulnerable" - best line from a batman video game
Batman FFS lad
"And the greatest trick the devil ever pulled was convincing the wold that he didn't exist..." Verbal, The Usual Suspects
Thought this is Jesse Ventura line. No?
What religious institutions isn't scamming? They all tell you the more you donate the bigger AND better house you'll have in the next life. Tell me anybody who has EVER gotten to take it with them?
Just because someone claims to be a Christian doesn't mean they actually are. Same goes for preachers.
Zero risk with 8% return, bye! 🚩
you underestimate the possibilities. you supposed to get a minimum of a 10 return that increases with the more fear or guilt that one can instill in his or her followers
15% even! 😂
@@bunnyluver2176 I hope I never get to a point in my life where desperation leads me to taking on this insane risk with my savings.
@@bunnyluver2176 15% Alpha.....Fund manager level flex
@@mxmus08 Right! 😂
He's not the only preacher that has stolen from people
My people perish for lack of knowledge. (Wisdom).
He is not the only one.... this happens in all Religions and in all kinds of churches. Religion is Big (fraud) Business.
👍👍👍
No it does not. Not in Islam.
Is he related to Donald?!
The difference in the Apostle Paul and many modern day preacher’s is the former was never on a church payroll and the latter rejects the Biblical teaching on the subject!
But we focus all our attention on drug dealers committing, basically victimless crimes or at least the victims don’t mind the crime. But guys like this get away every day when he ruined hundreds of lives. Just destroying families and their savings, having elderly people having to go back and work when they should be retired and comfortable. It’s sickening.
Consensual crimes vs theft.
Drug crime is not victim-less.
Eligible for parole? After wrecking so many lives?
Hello?
That is so common it happens all the time suckers are all over available
I remember when I was younger, around 18 years old, visiting a friend at his parents house. It was a very nice area his parents had moved to before he was born, one of the 3 most expensive cities to buy a home in Canada. I had noticed he had a neighbor not much older than us that had a pretty nice house to himself and drove a very expensive model Mercedes convertible. I asked my friend what was the deal with this guy? It turned out his father was a Preacher in the USA and both the 7 figure home and 6 figure car were bought by his father who lived in California where he also had a home and made his money at church. I remember thinking at the time, that doesn't seem very "Christ" like!
When it's an individual preacher it's called fraud, when it's organized religion it's called faith
Preach !!! (pardon the pun)
True
This sounds like a typical statement that a simpleton would use to counterfeits the appearance of possessing wisdom.
@@technicalboy1816Swing and a miss, pseud!
@conzmoleman except it's not a game of baseball, where the penalty for getting it wrong is losing the game! You get this wrong, and you will lose your soul! You seem to be the type that votes according to tribe instead of policies. Wake up ⏰️
This title is misleading ,he was not a preacher ,he proclaimed to be Christian
Thanks for clarifying that.
Eligible for parole in 2025 and if paroles will have served 6 years? How is this possible if convicted 3 life ter.s plus 30 years?
More of this happens than people know
Just asked yourself this: why isn’t all the money collected by the church not being used to help the families within the church that are struggling to pay their bills and put food on their table while at the same time their “pastor” “priest” drives a nice car, leaves in a fabulous house, kids go to private schools and go to fancy vacations?
Have never understood how people who profess to b Christians, i.e. followers of Jesus Christ, FAIL to recall what HE said…namely, “ My house will be a house of prayer, but you have made it a den of thieves”…..
Love of $$
that's literally every preacher.
But yet the Bible says if any would not work then he shouldn't eat.
IF people would OBEY the Bible these con jobs wouldn't have any money coming, the people feeding them deserve it.
@@PatrickBaptistWhat an awful thing to say.
@@PatrickBaptistexactly. People have always been the problem. Most lack discernment and can’t judge between right and wrong even though the answers are found directly in the scriptures.
You can’t speak about “every preacher” anymore than I can speak about every atheist. I am a preacher and I never asked for money for myself. I have never given financial advice except to tell addicts that their addictions are driving their families into poverty. Yes I have been paid to lead church, less than minimal wage because I was paid a flat rate no matter how many hours I spent preparing. I have visited the dying and conducted funerals without payment. Religion is not for everyone. But being non-religious does not make anyone more moral or intelligent.
@@MightyWarriorCoalitionMost people CAN discern between right and wrong, which is why most people don’t follow the cruel, barbaric rules of the Bible and make excuses for it, even though they claim it is God’s Perfect Word.
With the profits to be made quoting the prophets, the predators simply flock to the flock .
Same issue with all religions
Yeah but not to the extend of American evangelicals.
Not true. Islam doesn't have priests.
But don't they all? 😅😂
From ~4:19 - brilliant production value. Top of the line.
NOOO I TAKE IT BACK 08:58 YOU GUYS NEED TO CHECK YOUR WORK FFS
@@saullotzof thanks for catching that (and for the kind words about the series)! We are fixing now. 🙌🎞
Corrupted preacher?! Gee, what a surprise….
They all do, they sale you an imaginary heaven that you can only access in death, and no one can come back to tell you it's a ruse...
well said... doctor
*The* Texas preacher? Nah. One of thousands doing this.
Big surprise. Separating Christians from money is like shooting fish in a barrel.
Another bitter atheist what’s new
@@boop79 I don’t know why he bothered with the Ponzi scheme, tithing is so much easier and legal!
He’s just one of many. All these pulpit pimps need to be in jail!
Should be “A Texas Preacher.” Using “The” implies he’s the only one.
It’s not so much about Gallagher they come and go , but those who believed in him and that Jesus wanted them to be rich .
How is this guy up for parole after 6 years? If he gets paroled this will make the American public's already wavering faith in our justice system collapse. Anyone who would do this is beyond reform, especially at his age. When are we going to start punishing malicious actors and protecting the public?
Their greed trapped them.
At that age you don't need a financial planner, its too late to invest. You need an accountant.
youre crazy..its never too late to buy some AMD or NVIDIA
They got greedy, perhaps?
Religion in the modern age does just that.
You mean man. Where does it prescribe such in the bible?
Fake religiosity you mean. When someone tries to convince everybody around that they never sin or that they all of a sudden has changed from being a vicious criminal running a mob organized crime business are we to believe that overnight like Saint Paul was long ago has become transformed in an instant too? - Like after only one visit from a buddy to a Christian preacher Imam to them in jails in that one kind of nation who believes in the Great Irene of Greece too.
We have a saying in Kenya, loosely translates to 'a cow must be milked'. Stay woke, don't be a cow.
This is 99% of all preachers in Texas ,even the world. Religious grifters. Must be nice not to pay taxes on all of God's houses,land,boats, planes etc 🙄
That's not true even of most major Protestant denominations, let alone the Catholic Church or the Orthodox.
@@vaska1999 FOH, it is true, sheep.
what a SURPRISE.
You mean 'preachers'. Plural.
They are not preachers they are all scamers for you'r money but sadly millions of Americans believe in this preachers who live like a kings and they still can't heel anyone.
How can people be protected from psychopaths?
Awareness and refusal to be conned.
Which one of them isn't scamming their followers.
I think that’s 4/5 mega church pastor
@@johnmontag 5/5
I have zero sympathy for greedy people who get conned out of their money.
When I was a kid I used to listen to old con men and there stories and they said a con only works on a crooked person or a fool trying to get something for nothing😂
Governing Body of the Watchtower: YOU’RE NEXT
26:10 ‘stash house’ is such a cool term.
Act like this is the only example. All religions are cults
JESUS already warned you about materialism, so why did you trust this man? You do not have this problem with the Catholic church, because the priests truly give up their lives to follow JESUS. You cannot have 2 masters and it is obvious that this preacher has 2. A preacher that calls himself the money doctor, not the faith doctor!
is it just me, or doesnt this guy look like rodger stone
They cut from the same cloth.
Financial services is highly regulated but people still engage in malpractices everyday. What would you really expect when an individual yields 100% power and control over finances.
Most Ethiopian Protestant pastor take advantage from others in Ethiopia. The same like Mr Abiy Ahmed (PM)
The gun mentality is so weird. They're constantly in fear of being shot. "Oh, he might off us." Strange to immediately jump to that and think that they need to carry to defend themselves.
At least his theft is a crime but all preachers take your money.
For the LOʻVE of money is the ruler of all evil.
This is why I can't take religion seriously
The vast majority of cons are non-religious.
Why are you a nonbeliever?
@@candeffect because everyone has something to sell. Religion is no exception.
Fantastic doc.
(The documentary. Not Gallagher, lol.)