Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Woman Claims Goldline Fired Her for Objecting to Scam Tactics

Goldline International, a gold and precious metals dealer based in California, has recently been accused by a former employee of terminating her employment because she objected to alleged scam tactics being used against the company’s elderly clients. Courthouse News Servicereports that Carol Taylor Gabrelow, a former compliance officer with Goldline, has started a lawsuit against the company with her husband and former Goldline employee Joel Gabrelow. She alleges that she and her husband were fired by Goldline after she reported to her superiors that their telemarketing sales tactics were in violation of the law.

According to the report from Courthouse News Service, the complaint states that “Goldline specifically targets vulnerable consumers with sales tactics designed to pressure those consumers into buying products that would often result in the consumer losing over one-third of his or her investment the instant the purchase is made, meaning that, even when the price of the precious metals increases, because these consumers were deceived into purchasing coins with mark-ups exceeding 50 percent, it could be years, if ever, before the consumer recoups, much less makes any profit on, the investment.” The complaint essentially alleges that Goldline misled its vulnerable customers into believing that the US government could seize their gold bullion and that an investment in their gold coins would help customers save on taxes.

Although the company was subjected to a criminal investigation for gold investment fraud last year, Gabrelow claims the company later continued to use unscrupulous tactics in its gold sales and seeks damages for wrongful termination, retaliation, and other violations. Goldline has already settled the previous criminal charges and was ordered to pay millions to prior investors and adhere to strict, new disclosure requirements.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram