
Prosecutors in Santa Monica, CA have filed 19 criminal charges against the gold sellers Goldline International for allegedly running a "bait and switch operation" using prominent spokespeople like Fox News' Glenn Beck.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Reps. Anthony Weiner (D-NY) and Henry Waxman (D-CA) have announced a hearing next Thursday on Goldline International, a company that encourages consumers to convert their assets into gold to prepare for the supposedly inevitable market collapse. Goldline has been accused, by Weiner and others, of using "aggressive sales tactics and conservative spokespeople such as Fox News' Glenn Beck to sell overpriced gold coins."
The House Subcommittee on Commerce, Trade, and Consumer Protection will meet at 10 a.m. ET on Thursday, September 23 " to discuss legislation that would regulate gold-selling companies, an industry who's relentless advertising is now staple of cable television," according to a statement.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Authorities in California have opened an official investigation into Goldline International, which urges consumers to buy gold to protect themselves from the supposed inevitable devaluing of American currency -- and features Glenn Beck in some of its advertisements.
A House Commerce subcommittee also announced today that it's planning a hearing on Goldline, which "uses aggressive sales tactics and conservative spokespeople such as Fox News' Glenn Beck to sell overpriced gold coins."
According to the Santa Monica City Attorney's office, the investigation was opened after it received more than 100 complaints from customers, some of whom alleged that gold was sold to them under false pretenses, and others who claimed they did not receive the gold as advertised.

