Have you dreamed of having your own FM station? If so, this will interest you.
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While Gallagher’s scam garnered national media attention, his methods are nothing new. Instead, they have received nothing, with Gallagher spending most of the money on his personal and business expenses, as well as paying previous investors. In November, a judge in Tarrant County, Texas, sentenced him to three life terms in prison, in addition to the 25 years in prison he had been convicted of in Dallas in March 2020. To continue Working, these schemes depend on a relentless stream of new entrants giving money to those who have invested before them.
The medium Gallagher used to attract victims, Christian radio, was popular for decades, and has been even in the face of stiff competition from new media. Still, Gallagher was a con man who racked up $32 million in a Ponzi scheme that predominately targeted retired victims between the ages of 62 and 91. In 1968, Shaw College became the first black college to have a radio station, broadcasting a Jazz/Gospel/Community Interest format as WSHA. At first, the station used an antenna on top of a building on the downtown campus, but in the late 1990s, a dedicated tower was built in southeast Raleigh near Interstate 40. WFSS in Fayetteville, Carolina del Norte moved from 89.1 FM to 91.9 FM to let WSHA increase capacity.