Goldline Execs Charged With Fraud

[The Night Owl]

Goldline Execs Charged With Fraud
By MATTHEW MOSK and BRIAN ROSS (@brianross)
Nov. 1, 2011

Goldline, a company that used endorsements from Glenn Beck and other conservative icons to sell hundreds of millions of dollars to consumers, has been charged with theft and fraud in a 19-count criminal complaint filed Tuesday by local officials in California.

The criminal complaint filed Tuesday by the Santa Monica City Attorney's consumer protection unit marks the latest in a series of allegations it has leveled against the gold dealer, which pioneered the practice of weaving its sales pitches into broadcasts by popular conservative political personalities -- including two former presidential candidates -- to sell hundreds of millions of dollars worth of gold every year.

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.

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http://abcnews.go.com/Blotter/goldli...ry?id=14857253

I wonder if Mr. Beck is going to get rolled up with the Goldline crooks he shills for.

[Zathras]

What is it with the Swoop n Poop trolls these days??? First DUmbass128 shows up, then this idiot. Would someone please check the garbage cans and make sure their lids are on tight....they seem to be attracting flies by the name of DUmbass 128 and The Shit Bird. who knows who else will drop in.

[Rockntractor]

What is it with the Swoop n Poop trolls these days??? First DUmbass128 shows up, then this idiot. Would someone please check the garbage cans and make sure their lids are on tight....they seem to be attracting flies by the name of DUmbass 128 and The Shit Bird. who knows who else will drop in.

The lawsuit is meaningless, they offer both gold and coins, a city attorney from a liberal city in California filing suit means nothing.

[SarasotaRepub]

I guess if Goldline broke the law they will pay.

But it sounds like the Left is more interested in attacking Beck, Goldline is just the vehicle.

[JB]

If Beck broke the law, he gets charged with a crime.

Is this some kind of gotcha thing? Cause it ain't.

[Rockntractor]

I guess if Goldline broke the law they will pay.

But it sounds like the Left is more interested in attacking Beck, Goldline is just the vehicle.

This case has gone on since 08, nothing new, it is just more political fodder.

[The Night Owl]

The lawsuit is meaningless, they offer both gold and coins, a city attorney from a liberal city in California filing suit means nothing.

The problem is not what products Goldline offers but how it's offering those products. If people are being tricked into believing that Goldline's "collectible coins" are worth more than they're worth then the goverment has a legitimate case against Goldline. So it will come down to what execs are telling sales reps to say to customers and what sales reps are saying to customers.

[Rockntractor]

The problem is not what products Goldline offers but how it's offering those products. If people are being tricked into believing that Goldline's "collectible coins" are worth more that they're worth then the goverment has a legitimate case against Goldline. So the case is going to be about what execs are telling sales reps to say to customers and what sales reps are saying to customers.

The suit will go nowhere, just watch.

[The Night Owl]

This case has gone on since 08, nothing new, it is just more political fodder.

The investigation is old. The charges are new.

[Rockntractor]

The investigation is old. The charges are new.

It would be nice if Santa Monica had to pay all legal charges when they lose, but then again they are already broke because of all their other idiotic decisions.