Weiner calls on Beck to disavow Goldline (Olbermann video)
Posted on Saturday, September 25, 2010 at 03:54 PM
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Glenn Back's number one gold sponsor was interrogated at a hearing last week by Congressman Anthony Weiner, over gold sales scams. The Congressman alleges that the company uses dishonest sales techniques, though the hearing made no final conclusions. Weiner said victims are often intelligent middle class people, convinced, unfairly, to pay many times market rate.
The company employees at least two salespeople that the SEC had sued for scamming a hundred elderly people out of more than one million dollars. The case was settled in the 1990s, all the money was returned to the victims, but currently Goldline employs these same salespeople to handle some of their biggest clients and to train other salesmen for the future.
Executive Vice President Scott Carter defended the company against Weiner's claim that Goldline uses scare-tactics to encourage buyers. Glenn Beck participates in promoting the idea that purchasing vastly over-priced antique coins is the best way to ensure the government will not confiscate gold investments as was done in 1933.
Weiner's purpose was to at least make public that Goldline is in his words a "rip-off."
One witness testified to losses in the tens of thousands of dollars on one transaction.
Weiner noted FoxNews' demand that Beck no longer accept Goldline's sponsorship on his popular television program. Beck continues to promote Goldline, on his website, and possibly elsewhere.
"I would hope he takes a step back," Weiner said of Beck, "and looks at the testimony today, and realizes that his viewers are middle class people who are struggling. He should not be aiding and abetting a rip-off."
The company employees at least two salespeople that the SEC had sued for scamming a hundred elderly people out of more than one million dollars. The case was settled in the 1990s, all the money was returned to the victims, but currently Goldline employs these same salespeople to handle some of their biggest clients and to train other salesmen for the future.
Executive Vice President Scott Carter defended the company against Weiner's claim that Goldline uses scare-tactics to encourage buyers. Glenn Beck participates in promoting the idea that purchasing vastly over-priced antique coins is the best way to ensure the government will not confiscate gold investments as was done in 1933.
Weiner's purpose was to at least make public that Goldline is in his words a "rip-off."
One witness testified to losses in the tens of thousands of dollars on one transaction.
Weiner noted FoxNews' demand that Beck no longer accept Goldline's sponsorship on his popular television program. Beck continues to promote Goldline, on his website, and possibly elsewhere.
"I would hope he takes a step back," Weiner said of Beck, "and looks at the testimony today, and realizes that his viewers are middle class people who are struggling. He should not be aiding and abetting a rip-off."
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seanomelbourne | Sep 28, 2010, 07:24 PM EDT
Dennis the question is ."should Beck declare his interest in Goldline before he uses scare tactics pushing gold as the only way to protect savings"
The best way to preserve wealth is to have a diverse portfolio.
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hancock | Sep 28, 2010, 11:52 AM EDT
Dennis? Is that you?
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DennisQ | Sep 28, 2010, 02:09 AM EDT
Goldline's website is very clear about what they do - they sell gold coins. They don't qualify their buyers the way brokerages do. If you want to buy a Krugerrand, they'll sell you a Krugerrand - it's simple and straightforward.
I don't agree that investors should be protected from themselves. Goldline doesn't misrepresent the risks. People who should not be buying commodities should stay out of that kind of market. Speculating in gold coins is really no different from speculating in November wheat.
There's no fraud here. Goldline does mark up the products it sells, but so does every other business person. Don't like Goldline's price? Go to somebody else.
I don't agree that investors should be protected from themselves. Goldline doesn't misrepresent the risks. People who should not be buying commodities should stay out of that kind of market. Speculating in gold coins is really no different from speculating in November wheat.
There's no fraud here. Goldline does mark up the products it sells, but so does every other business person. Don't like Goldline's price? Go to somebody else.
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maloney | Sep 27, 2010, 02:30 PM EDT
seano...you presume to much.
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maloney | Sep 27, 2010, 02:28 PM EDT
The justice system is in the hands of the Dems. The DOJ does what obama tells them to do. This type of crime you can't just sue over, it's in the hands of the party in power. I will accept defeat gracefully when defeated honestly, there is nothing honest about obama, holder & the lot of them. Both sides are bad but nothing like the goings on of obama & his desire to destroy what is left of America. Some of us see the obvious & choose to combat it. Some are willing to die to stop what is going on. You speak of what you do not know. Yes, there appears to be a subject you don't know. This is not repubs.-vs- dems.
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Monsoonman | Sep 27, 2010, 12:11 PM EDT
You have to understand lad, these revelations just came to light. The allegations and suspicions were always there, but this is cold hard vote fraud evidence that should unseat sen franken. When the appeals and recounts were done and approved by the courts this evidence was not available, now it has to be reopened and NOTHING happens quickly in the justice system, which is neither fair nor just.
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jamieLM | Sep 27, 2010, 09:05 AM EDT
Monsoonman is right. I have Democratic relatives in Minnesota who freely admit that Franken was elected through voter fraud and they tell me that "everyone knows it." There are other cases of voter fraud that haven't been prosecuted. ACORN is a culprit in some of them and so are the New Black Panthers with their voter intimidation. Takes time, money, and the will to go after every case. Sometimes for political and financial reasons, certain cases just slide by. Minnesota has a lot of Democrats and a Republican governor who's up for re-election in a tight race in Nov. It's not sour grapes from Monsoonman...just the way it is. In voter fraud cases, you win some, you lose some. I doubt we've had any election in the U.S. that hasn't had some voter fraud, no matter what's been done to try to prevent it. America and Australia may have similar systems, but American politics is it's own unique "game."
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seanomelbourne | Sep 27, 2010, 03:43 AM EDT
Monsoonman it still begs the question, why did the GOP not pursue prosecutions? I presume the court procedures are available for anyone to take actions against the government or presumed illegal practices. For instance the loosing candidate can take legal proceedings if he wishes. The system in Australia is not much different from yours Both are based on the Westminster system.Sour grapes my friend.
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Monsoonman | Sep 26, 2010, 09:29 PM EDT
Sean Lad, you have a blind spot being thousands of miles away, plus your source of news is? You will see that the justice department under o'bamas attorney general, eric holder will not prosecute this sort of activity, they are too busy prosecuting states that try to enforce immigration laws....Plus this needs to start at the state level first. Really Lad, I do not comment on your governmental affairs because I am not well familiar with them & I am too far removed to be expert on them. But I do know my own countries politicians and the dastardly deeds they commit.
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seanomelbourne | Sep 26, 2010, 07:47 PM EDT
Moonsoonman if voter fraud helped Franken win why then has the justice system failed to prove the fraud? tastes like sour grapes to me. Be a man Maloney and accept defeat gracefully.
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maloney | Sep 26, 2010, 07:30 PM EDT
It was found out about 2 months ago that several hundred inmates in the pen, all felons had not only registered but voted, putting Franken over the top. Franken would have lost if not for the cheating of the dems. Since the dems. hold all 3 levels of govt. they are going to let it stand. Here in my own county a dem. candidate was going to nursing homes registering & doing write in votes for people who were brain dead, unable to speak for themselves. The vote was close. When the truth came out he decided to not have a runoff & gave up. I love how Australia knows all about what goes on here, much better than we. Research will not help someone who can't see the punch in front off his face about to knock him stiff.
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Monsoonman | Sep 26, 2010, 12:51 PM EDT
Remember, Al Franken won his senate seat by less than 300 fraudulent votes....The voter registrations were run by Steve Caddle, who also works for the Service Employees International Union, which is the same as ACORN.
Among the findings were that only 1,793 of the 25,000 registrations the group submitted appeared to be valid.
The other registrations included one of a woman who registered six times in the same day; registrations of non-citizens; so many applications from one Houston Voters collector in one day that it was deemed to be beyond human capability; and 1,597 registrations that named the same person multiple times, often with different signatures."
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Monsoonman | Sep 26, 2010, 12:45 PM EDT
OK Lad here is an excerpt about voter fraud in harris county texas, home of the numbskull, perennially elected congressperson,sheila jackson lee...Remember this is just one precinct out of 100's that are manipulated by ACORN and the SEIU, it will be my next post...er brendan want to comment on something vitally important to a republic? How about the wholesale vote fraud perpetrated on the United States citizens by your brethren in the democrat party?
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SouthBendNative | Sep 26, 2010, 12:18 PM EDT
seanmelbourne, have you ever listened to Glenn Beck's gold ads? He clearly states that investing in gold isn't for everybody and for everyone to decide for themselves. He tells people to do their own research before deciding. He advises those with little savings that it probably is a bad idea for them. He says that he personally has been buying it for years and it is right for him but may not be right for you. I am not sure how much more upfront he can possibly be.
Your statement about fixing elections makes no sense. The dopes who were creating hanging chads were Democrats. The biggest beef that the GOP has with acorn is called election fraud. A reasonable thing to oppose, even you would agree, correct?
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This attack on Goldline is simply political grandstanding. Just for fun I compared Goldline's price for Krugerrands with eBay's price, and eBay's is higher! So much for the notion that Goldline is gouging their customers.
I'd much rather see Weiner press for a new 9/11 investigation. That would be a real public service. But crusading to keep commodity buyers from losses! Useless.
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