As it turns out, Mother Jones has also been investigating Goldline’s practices and found much of what Weiner turned up and more. (Read the full investigation here.) We discovered that Beck has been “recommending a company that promotes financial security but operates in a largely unregulated no-man’s land, generating a pile of consumer complaints about misleading advertising, aggressive telemarketing, and overpriced products.” Many of those sucked in by Beck’s pitch to call Goldline, and who ended up losing money as a result, were elderly, disabled, and sometimes both. One disabled truck driver who found Goldline after listening to Beck invested nearly 20 percent of his life savings in the company’s gold coins, only to discover that he had paid almost double the price of gold for the coins. It would have been years before he had any reasonable chance of recouping his money, and there was a good chance he’d never make it back. What’s not clear, however, is whether anything Weiner is proposing would do much to help these folks.
Thursday 20 May 2010
Glenn Beck's Favorite Gold Company ☀
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jonathan-cunningham reblogged this from shorterexcerpts and added:
Woah, no wonder he makes 32 million dollars a year, he steals it from the old, stupid and infirm.
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