Goldline charged with fraud

[James48843]

[h=1]Glenn Beck's Favorite Gold Company Charged With Fraud[/h]
—By Tim Murphy
| Tue Nov. 1, 2011 4:02 PM PDT

Glenn Beck shills for Goldline in 2010. Courtesy of Glenn Beck



Goldline International, the California precious metals retailer promoted by Glenn Beck and other right-wing radio hosts, was formally charged with 19 criminal counts—including grand theft by false pretenses, false advertising, and conspiracy—on Tuesday by the Santa Monica City Attorney's Office. The criminal complaint also implicates Goldline CEO Mark Albarian, along with two other company executives and two salespeople.

Criminal charges against Goldline.

Details, and a copy of the indictment:
http://motherjones.com/mojo/2011/11/glenn-becks-favorite-gold-company-charged-fraud

 

[nasa1974]

OOOPPPPPSSSS!! Go figure.

 

[Frixxxx]

Once again, I see that being ill-informed and easily manipulated is a no-fault in America:

Caveat Emptor people!

One customer, whose name was redacted by the FTC, filed a complaint in February, writing, "Not knowing anything about buying gold, I called Goldline International, Inc. because of their advertisement on Fox News and the fact that Glenn Beck endorses them." Like Richardson, this customer originally wanted bullion, but the sales rep "absolutely insisted" on 20-franc coins, and the customer relented. Unable to get a refund, the customer reported paying $369 apiece for coins that could be bought elsewhere for as low as $208. A Washington state couple nearing retirement invested $31,812 in foreign coins after calling to inquire about gold bullion "as a hedge against the falling dollar." Once they realized they'd overpaid, it was too late for a refund. Another customer complained that a sales rep "insisted" on selling French 20 franc coins: "He would not relent. He told me lies." A quadriplegic Californian described being persuaded to pay $5,000 for $3,000 worth of gold coins after disclosing a recent inheritance to a Goldline rep.
​

Taken from the list of complaints:
http://motherjones.com/mojo/2010/05/goldline-ftc-complaints-beck-gold

Seriously, If you walk up to a house advertised at $100K but the real estate agent said you needed to pay $200K because that's the value the house will soon be worth.....Wouldn't you walk away?