Glenn Beck and Goldline are frauds

[Smurfette Principle]

Prosecutors have filed criminal charges against Goldline International Inc., a Santa Monica company that is one of the nation's largest gold dealers, for allegedly tricking customers into buying gold coins at inflated prices.

The Santa Monica city attorney's office accused Goldline of running a "bait and switch" operation in which customers seeking to invest in gold bullion were instead sold gold coins that were marked up more than 50%.

Among the charges against Goldline was one misdemeanor count of elder abuse for allegedly defrauding a client in July 2011. Prosecutors also accused the company of falsely promoting its coins as "rare" and claiming that bullion could be seized by the government while coins could not.

The company encouraged salespeople to steer customers into the overpriced coins by offering commissions on coin sales that were 2,000% more than the commissions for bullion sales, the complaint alleged.

articles.latimes.com/2011/nov/03/business/la-fi-goldline-charges-20111103

And absolutely no one was surprised.

[itachirumon]

Yeahhh... that's kinda what happens when you listen to Glenn Beck

You were gonna get reammed in the ass one way or another u.u - I feel bad for the elderly

[Jodie]

Glenn Beck hasn't got the memo yet, since the endorsement for Goldline is still on glennbeck.com.

If the link stays there I wonder how Beck will rewrite history/conspirorize about it, like he does with everything else.

ETA: hilariously ironic quote from his website that he gave at a media conference:

“Stop treating your viewers like they’re morons. They’re not morons”

Really, Beck? Really? Because doing that is the only reason you have any fan base whatsoever.

[Oriet]

This is why I'm glad I invested in bananas instead of gold. Lemme just go check on how they're doing...


NOOOOOOOO! They're all brown and mushy and covered in fuzz!

[N. De Plume]

I was under the impression that even if they made good on actually having your money in gold investment, the thread title would be true. They’d be frauds, but probably legal frauds, in the way they try to convince you to make said investments.