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Goldline, a company that used endorsements from Glenn Beck and other conservative icons to sell hundreds of millions of dollars worth of gold to consumers, has been charged with theft and fraud in a 19-count criminal complaint filed Tuesday by local officials in California.
The complaint alleges that Goldline "runs a bait and switch operation in which customers, seeking to invest in gold bullion, are switched to highly overpriced coins by using false and misleading claims," according to a statement released by the consumer affairs division of the Santa Monica City Attorney's office.
While former Fox News conspiracy-theorist Glenn Beck is most closely associated with Goldline, Rush Limbaugh, Sean Hannity, Laura Ingraham, and Mark Levin, former GOP presidential candidates Mike Huckabee and Fred Thompson, and several Fox News hosts, among others, have all endorsed the company.
Beck's pitch went a step further, arguing that in the event of a total financial meltdown, the government would confiscate gold bullion—meaning you should invest your money in coins instead.
Originally posted by jlv70
I don't know if any of you out there have done business with Goldline, or if any of you are thinking of doing business with this company, here's some things you should know about them.
Goldline, a company that used endorsements from Glenn Beck and other conservative icons to sell hundreds of millions of dollars worth of gold to consumers, has been charged with theft and fraud in a 19-count criminal complaint filed Tuesday by local officials in California.
If you do buy gold from this company, stick to the bullion, not the coins.
The complaint alleges that Goldline "runs a bait and switch operation in which customers, seeking to invest in gold bullion, are switched to highly overpriced coins by using false and misleading claims," according to a statement released by the consumer affairs division of the Santa Monica City Attorney's office.
Source:abcnews.go.com...
I can't help but to mention all the people who have endorsed this company.
While former Fox News conspiracy-theorist Glenn Beck is most closely associated with Goldline, Rush Limbaugh, Sean Hannity, Laura Ingraham, and Mark Levin, former GOP presidential candidates Mike Huckabee and Fred Thompson, and several Fox News hosts, among others, have all endorsed the company.
Source:thinkprogress.org...
Keep in mind the criminal complaint is based on the bait and switch from the bullion to the overpriced coins when reading this.
Beck's pitch went a step further, arguing that in the event of a total financial meltdown, the government would confiscate gold bullion—meaning you should invest your money in coins instead.
Source:motherjones.com...
Originally posted by jlv70
You're right again that they are innocent until proven guilty, but if there wasn't enough evidence of these bait and switch tactics going on these charges never would have been brought up.
Originally posted by jlv70
reply to post by macman
You bring up a good point, but that was more of a he said/ she said deal. This is case is different in that there will be records and paperwork involved.