End the Lie

Goldline International, heavily promoted by Glenn Beck, charged with 19 criminal counts

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By End the Lie

(Credit: Glenn Beck)

A California-based precious metals seller Goldline International, promoted by pseudo-conservative talk radio hosts like Glenn Beck, was charged with 19 criminal counts on Tuesday by Santa Monica’s City Attorney’s Office.

Among those implicated in the formal complaint are the CEO, Mark Albarian, two other company executives and two salespeople.

Some of the charges filed against them include: conspiracy, grand theft by false pretenses, and false advertising, and all 19 counts carry a maximum of one year in prison or a $10,00 fine.

Goldline was reportedly using aggressive telemarketing tactics employing highly questionable methods to pressure customers into buying overpriced coins as early as 2010 as revealed in a Mother Jones investigative report.

The report revealed that Goldline was pressuring customers into buying marked up coins on a regular basis which were so wildly overpriced that customers would likely never make their money back.

Beck took this a step further by saying that in the event of a total economic collapse, government would confiscate citizens’ gold bullion so instead recommended that listeners invest money in the overpriced gold coins hawked by Goldline.

Beck was far from alone in his endorsement of Goldline, which gave the entire operation a false sense of legitimacy.

Indeed, other individuals who promoted the possibly criminal Goldline International operation are: Sean Hannity, Mark Levin, Laura Ingraham, Monica Crowley, Lars Larson, Jerry Doyle, and Alan Colmes.

Goldline features an entire page devoted to the celebrity endorsements they have paid to receive with a graphical header with “CREDIBILITY” emblazoned prominently at the top of the page.

Goldline has had many complaints filed against them by through the Federal Trade Commission (FTC) as revealed by Mother Jones and a PDF file of the actual complaints themselves.

Instead of simply selling gold bullion or gold coins which is far from an illegitimate or criminal practice, Goldline directed their salespeople to “’get the money in’ from customers on the promise of delivering gold bullion bars or gold bullion coins (collectively ‘Bullion’), with the intent not to deliver the Bullion but instead to later persuade the customers to buy far more overpriced, so-called semi-numismatic or numismatic coins” according to the official Santa Monica v. Goldline complaint.

This is clearly a highly deceptive and unethical practice and the charges are the product of an in depth year-long investigation.

I wonder what Glenn Beck and the other “celebrities” who endorsed Goldline will have to say now that it has come out that their favorite “trusted” gold company was actually ripping off their gullible listeners who actually thought they were operating with a conscience and not in the name of the almighty dollar?

It will be interesting to see how they react to this as this is a pretty damning indictment of a company that they put their names behind.

Will it ruin Beck’s credibility? Well, honestly, I don’t think that anyone who still gives Beck any credence cares about any semblance of credibility or else they would no longer take him seriously.

12 Responses to Goldline International, heavily promoted by Glenn Beck, charged with 19 criminal counts

  1. Anon November 2, 2011 at 6:09 PM

    Is this actually a surprise to anyone? Talk show hosts are as selfish as any other “entertainer”

  2. Jeff November 3, 2011 at 10:25 AM

    The fundamentals to preserve wealth will never change, only the medium that men place value in…. ie (dollars, land, old cars, books, paintings…etc.) The red flag that should have had everyone a little gun-shy is Beck’s religion. “Though we or an angel from heaven preach any other gospel”………… I know from the teachings of Mormonism that they believe that Jesus and satan are brothers…. isn’t that enough of a red flag?

  3. Steve November 3, 2011 at 11:14 AM

    Not to take sides but a study was done starting in 1983 5 rare coins 1 was silver and the others were only 1/10 oz each,the value then was $19K,so someone wanted to see how much bullion could be purchaced for $19K it = 46 oz of gold,fast forward to today and the bullion now is worth $72K but the rare coins are worth $132K

    • Anonymous November 3, 2011 at 11:13 PM

      these coins sold are semi neusmatic, which means bullion at any coin shop. they are priced at premium and the whole business is a scam. buyer beware is the price you pay when dealing with them.

  4. Taxi Driver November 3, 2011 at 11:45 AM

    Hippies in high office have been blathering for years about shutting down Goldline in particular, and companies that advertise on overtly anti-Communist radio programs in general.

    No surprise this is coming from Kalifornia. The case doesn’t look to have any merit. Purely a political persecution.

  5. Aaron November 3, 2011 at 12:41 PM

    What a complete ass you’ve made yourself in this biased, poorly written, and bltently stupid article. Whille accusing Beck of putting his name behind a questionabe sponser. All the while I’m reading the article, a. Foating ad that won’t go away is promoting Beck and Beck swag. So I guess it ok for your website to seel ad space for something questionabe, but not the people you disagree with. Hahahahaha…Pwned1

  6. Mike November 3, 2011 at 1:13 PM

    The Smithsonian NNC, containing more than 1 million numismatic items, ranks as one of the premier numismatic collections in the world and includes some of the United States’ greatest numismatic treasures.

  7. yucca November 3, 2011 at 1:27 PM

    Numismatics are a very interesting field, but they are for collectors, not those seeking to preserve capital. Folks thought they were getting one thing and then were conned into something they knew even less about. The issue is not that the numismatic coins are more expensive than the bullion, it’s that they used the “bait & switch” trick for more profits.

    Did the celebrities know this? Who knows? All they were interested in was a nice fat check every month.

  8. James Dean November 3, 2011 at 5:23 PM

    “Sana Monica City Attorney’s Office”? What a load of liberal / socialist bull****! If there was anything to these (probably) trumped-up charges, it would be the Office of Attorney General for the State of Kali…. oops… California filing charges against Goldline . Yes, there is a difference between a “rarities” collector and a “bullion” buyer and the purchaser should beware of being “switched”. But when Glen Beck began touting gold and Goldline Corp. as being a good investment against fiat (paper) currencies, gold was selling for $600 an ounce and the “I know better that you” liberals in the news media said that anyone who trusts gold and not the U.S. Govt. or the stock market was “crazy” or a “fool”. Now gold is at $1,750 an ounce and the U.S. Treasury is BROKE. So I ask you, who is the REAL fool? The guy who bought treasury notes at 2% annual return or lost fully 50% of the value of his stocks when the market crashed ….or the guy who listed to Glen Beck and invested his money in gold which is going up 40% per year, EVERY year for the past ten years?

  9. Ken November 5, 2011 at 2:09 PM

    I could never see the value of these coins should the dollar collapse. I can’t tell the difference from a silver or gold eagle, brilliant uncerculated over a ps70. During a time of need and you want to buy a goat or wheat from me 1 ounce of gold or silver is all the same and you lost all that value. In uncertain times like these those coins are worthless. That one 1 oz perfect coin worth 130k+ would buy 75 or so regular gold coins. Good luck using a fancy coin in an emergency.

  10. musings December 3, 2011 at 7:35 AM

    In my opinion, touting the benefits of owning older gold coins like British sovereigns and Austrian Kroner is no different than telling people to buy bonds or some defensive stocks. It’s just advertising, and at least Goldline really sends you the gold. Is it too expensive? Then take your chances on eBay. In the current market, you will be ahead of the game if you started buying in the past. In reality, the US Mint does not always have enough gold in stock to sell their own over-priced new coins (proof coins anyone? – American Buffalo – bound to go up…).

    The whole singling out of Goldline is ridiculous and not a help to the old ladies who might watch Fox and then buy them in fear of something like 1933 as they remember from their childhoods, when FDR took back the gold.

  11. End time servant January 5, 2013 at 10:02 AM

    First he is hand picked to deceive you second we have no one on real so called tv to tell truth if we did the enemy would not be in control of the universe beck hannity billy boy Ryle and the rest of the paid traitors of lucifer to many to mention world wide so sheeple start praying for this game is up no gold or silver is going to save the day only God who was taken out of everything even your minds and hearts


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