Goldline Executives Indicted

Goldline Executives Indicted November 6, 2011

Goldline, the company that Glenn Beck has endorsed, promoted and been sponsored by, has been hit with serious criminal charges for fraud, false advertising and conspiracy in California. ABC News reports:

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 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.

They’re innocent until proven guilty, of course, but who hasn’t figured out by now that all these gold marketing companies are running a scam?

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  • danielrudolph

    Back on 9/11, Bill O RLY was trying very hard to hold celebrities responsible for the endorsements they made. In that case, stuff they did as volunteers where claims of fraud or misuse were on shaky ground. (Not all the money went to 9/11 relief.) Will he apply the same standard here to people who are taking money to lure people into a scam?

  • Phillip IV

    danielrudolph @ #1:

    Will he apply the same standard here

    Well, let’s put it that way: If he did, it would be an absolute first for him. At age 62.

  • Scott Simmons

    Hee-hee. I love the irony of the targeted advertising sometimes. This page currently shows an ad for PinnacleGold.com, headlined “INVEST IN GOLD”, prominently displayed directly beneath Ed’s editorial line, “… who hasn’t figured out by now that all these gold marketing companies are running a scam?” Google ads hasn’t, I guess.

  • dogmeat

    You guys will be sorry when Obama collapses the economy, causes 500% inflation and 80% unemployment!!11!!eleventy!!!

    I’m rather surprised that the Newsmax popup predicting this didn’t grab me when I went to this story.

  • “who hasn’t figured out by now that all these gold marketing companies are running a scam?” Google ads hasn’t, I guess.”

    No, Google ads HAS figured out that they can’t make a ton of money running ads for all sorts of nonsensical crap and many offers that are out and out frauds without having to take any responsibility for it.

    Meantime, a group of churches and “faithbased” groups are trying to get the Village Voice to discontinue its “Back Page” online sex ads. The stated reason is that “thousands of child prostitutes” are being trafficked and that it’s the Village Voice’s fault. Meantime not a fucking word from them about scamsters like O’Reilly and Bek. You don’t suppose that since the Village Voice derives (according to an NPR report) something like 30-35% of its revenues from that service and will be cruched if they have to give up the revenue stream might have something to do with all of the protestations by the churchfolks, do you?

  • billsheehan

    Shocked! Shocked I am that any company which used Glenn Beck to shill its overpriced commodities would be anything less than above reproach.

    To be fair, Thom Hartmann, Stephanie Miller, Ed Schultz, and Randi Rhodes have all advertised gold from another firm, ITM Trading. I’ve not seen any allegations of improprieties for that company, but there is an unpleasant whiff when political pundits play on fears of national insolvency to their own profit.

  • Pinky

    News Anchor: “Now we go to a ‘man-in-the-street interview.”

    Reporter: “Thank you Hugh. I am with a typical representative of the working poor/struggling middle class demographic who eagerly pursue serfdom and has no problem with multinational corporations governing the US.”

    “Sir what you think of the alleged legal problems of the Goldline company and Glenn Beck’s involvement with them?”

    Teabagger on the street: Um…er…it’s another liberal con…lookky there; a shiny object.”

    Reporter: “It appears we have lost the attention of our interviewee. Back to you Hugh.”

    News Anchor: “Thanks for that penetrating report Agnes Haroula Ninoska Bao-Yu Ferdinand.

    This fake news item is a product of the voices in Pinky’s brain and was not influenced by logic or good taste.”

  • Didn’t Glenn Beck encourage people to buy from his sponsor and if so, isn’t he complicit in the scam? Just askin’.

  • Guess now the right-wingers will just have to scream EVEN LOUDER about Solyndra…

    …who hasn’t figured out by now that all these gold marketing companies are running a scam?

    When was the last time anyone heard an actual success story from someone who invested in gold?

    Oh, and did you notice the “buy gold” hype always gets cranked up at the same time as the “sell us all the gold you have” hype? This whole business seems to consist of people buying gold from people in dire straits and selling it to morons who have no clue how a modern economy works.

  • Just askin’.

    Just makin’ Glenn Bek cry. Again.

  • ManOutOfTime

    Regarding the hilariously ironic robo-ads, I am reminded of a story on CNN.com ten years ago – so this is in the early days of content-aware ads – about some poor schlub who survived getting shot in the head with a nail gun. Right next to his x-ray, showing 8 or 10 large nails arrayed around his skull – was a wall of ads for, of course, nails and nail guns. I saved a screen capture, confident this was a memento if the “early days” of the web. Not so much!

    Regarding Goldline: of course! Birds, feathers, etc. Steal a few million, go to jail. Steal a trillion – I’m looking at you, Goldman-Sachs – go back and get another trillion. Goldline’s mistake therefore was not stealing enough. Lesson learned!

  • “ManOutOfTime says:

    Right next to his x-ray, showing 8 or 10 large nails arrayed around his skull – was a wall of ads for, of course, nails and nail guns.”

    I’m curious about that. I own four, no five, nailguns of different types. None of them will let you repeatedly fire without removing the nosepieceof the tool (which is springloaded) from the work surface and then putting it back down on the surface. In fact, none of my guns will fire more than one fastener with one pull of the trigger. To shoot yourself once in the head might be an accident. Shooting yourself several times is difficult and masochistic.

    Were the wounds self-inflicted or were the perps just incredibly inept?

  • Aquaria

    Regarding the hilariously ironic robo-ads, I am reminded of a story on CNN.com ten years ago – so this is in the early days of content-aware ads – about some poor schlub who survived getting shot in the head with a nail gun. Right next to his x-ray, showing 8 or 10 large nails arrayed around his skull – was a wall of ads for, of course, nails and nail guns. I saved a screen capture, confident this was a memento if the “early days” of the web. Not so much!

    I used to have an article talking about Hollywood actresses starving themselves, and there was a diet ad right below the pictures of anorexic actresses.

  • Midnight Rambler

    democommie, I think MOoT is referring to this case. I remember reading about it in the BBC article which just said that he “slipped”, but apparently he fell from a roof onto another worker who was using a nail gun, and then both fell another 15 feet to the ground as the gun fired. Pretty crazy.

  • wheatdogg

    Investing 101: Buy low, sell high.

    Goldline’s proposal: Buy high, then watch us leave town.

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