Glenn Beck – Goldline Scam
If you're buying your gold from Glenn Beck, you're a fool.
Glenn Beck’s infamous shilling for Goldline has earned him quite a bit of ridicule from the latenight comics.
Barry Ritholz notes that things have taken a turn for the worse:
Goldline International is under investigation by the Santa Monica City Attorney’s office, jointly with the Los Angeles County District Attorney’s office, as well as being the subject of a separate investigation by Congress into the possible criminal practices. The firm has been the subject of an ABC Nightline News Exposé, as well as an investigation by NY Congressman Weiner).
Now, despite Beck’s face being all over the poster, it’s not clear that he’s doing anything illegal. He’s not an expert on financial management, after all. But you’d think you’d look into the business practices of a company before going out on a limb as their spokesman.