Goldline Facing Criminal Charges

Company that sells gold on TV is in trouble following an ABC News investigation.
2:24 | 11/02/11

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

More information on this video
Enhanced full screen
Explore related content
Comments
Related Extras
Related Videos
Video Transcript
Transcript for Goldline Facing Criminal Charges
A major development growing out of an ABC news investigation which -- broke right here. On GM may concern the company gold mine which sells gold on TV. Touting it as a good investment so here's the latest the company is now facing criminal charges ABC's Brian Ross you've been on this from the beginning -- the morning. Good morning Robin while gold -- became well known -- and advertising blitz that used endorsements from Glenn Beck. Another conservative commentators. Now a year after we first raised questions about the company's sales practices here on Good Morning America. Local officials in Los Angeles have filed a nineteen count criminal complaint alleging misdemeanor fraud and theft by the company. At its headquarters in -- Gold -- took in hundreds of billions of dollars from consumers who were told they were in good hands. The deal but it's a quiet here. -- -- -- -- -- The people that I trust. Are the people that goal line back. Along with former presidential candidates Fred Thompson and Mike Huckabee were big draws for the company. The people and goal line we'll explain just how easy it is for you to -- -- but the criminal complaint says while the company touted gold bullion. Key executives conspired together to cheat and defraud consumers. By steering them to hugely overpriced so called collectible coins a bait and switch. That's a joke his -- of suburban Detroit says happened to him. I want the boy it. The cutter more let's talk Meehan abandoned gold points the criminal complaint says -- -- falsely told consumers as -- of this commercial that only collectible gold coins were saying. Because the government could confiscate gold bullion. You see you back in 1933 FDR said all take -- gold last year on GMA you know. I don't mind top executives Scott Carter denied the allegations to George Stephanopoulos. But in the new criminal complaint Carter was specifically accused of offering bullion for sale with no intention of selling -- Not a criminal complaint makes no charges against Glenn Beck or the other conservative commentators who were paid to deliver their endorsements. As for gold line in a statement released overnight the company said it will vigorously contest the bait and switch allegations. Which it called without merit and preposterous so we'll see more in court appreciate investigation private -- that tech. -- not have been more definitive last year -- here people right thanks.

This transcript has been automatically generated and may not be 100% accurate.

{"id":14863908,"title":"Goldline Facing Criminal Charges","duration":"2:24","description":"Company that sells gold on TV is in trouble following an ABC News investigation.","section":"GMA","mediaType":"Default"}