Goldline Pledges $4.5M Refunds To End Case Over Coins

Law360, New York (February 24, 2012, 4:22 PM EST) -- Goldline International Inc., a gold coin dealer marketed by conservative political commentator Glenn Beck, agreed Wednesday to refund former customers up to $4.5 million to resolve criminal charges alleging it and several of its executives pulled a bait-and-switch scam.

Goldline agreed to an injunction requiring it to change its sales practices and provide accurate pricing information to customers. In addition to refunding customers who brought the scheme to the attention of prosecutors from the Santa Monica City Attorney's Office, the company will put $800,000 in a...
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