Shocker: Glenn Beck’s Investment Program Goldline Investigated for Fraud
5:46 pm, November 2nd | by Amy Tennery
Stop everything. Are you sitting down? Okay, here goes: turns out that Goldline might be a scam. I know, try to contain your shock.
Looks like Goldine, the invest-in-gold program that hired Glenn Beck as a spokesperson, is facing some pretty heavy charges, according to Talking Points Memo. Goldline, which takes customers’ other assets and transfers them into (how could you go wrong?) gold, may have been running 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 form the Santa Monica City Attorney’s office.
A handful of execs at the company, including the past and present CEO, Mark Albarian and Scott Carter, respectively, are now facing charges that include false advertising, grand theft by false pretense, and conspiracy.
Want to remember the good times? Click here to read an audio recording to Beck’s endorsement. Like so many misguided plans in life, it appears to have been inspired by “Atlas Shrugged.”
(Image above courtesy of Goldline.com. Yep, really.)