BioPerformance Shut Down by Texas AG
AUSTIN - Texas Attorney General Greg Abbott today filed a lawsuit and obtained a temporary restraining order and asset freeze against Texas-based BioPerformance Inc. The company, organized as an illegal pyramid scheme, markets a fuel pill it falsely claims will boost gas mileage and save consumers money.
BioPerformance Inc., president and owner Lowell Mims and co-owner Gustavo Romero of Irving advertise nationally via the Internet and through seminars around Texas and other states, exploiting the climate of today's high fuel prices. The company's ads claim the gasoline pills and powders they offer have a non-toxic "top secret gas pill" that can increase fuel efficiency by 30 percent or more and cut harmful emissions by up to 50 percent. In fact, the additive is basically the chemical equivalent of mothballs, which are toxic.
Related News
-
Shortcuts to Gas Savings Typically Dead Ends
The company opened for business only six months ago. But with gas prices at near-record levels, its product - pills and powders that promised big savings when dropped into a car's gas tank - caught on in no time. Tens of thousands of people lined up to sell the potions, and BioPerformance Inc. to... Read More...Fighting Fuel Scams
Fighting fuel scams: "Gas-Saving" productsHigh gasoline prices have led many Texas consumers to consider the use of "gas-saving" products. Consumers should be cautious about automotive devices or gas additives that claim to save money or improve fuel efficiency. The Environmental Protectio... Read More...State Wins BioPerformance Injunction
State Wins Injunction Against "Gas Pill" Maker (June 2, 2006)-Texas won a temporary injunction Thursday against BioPerformance, which orders the company to stop marketing its so-called "gas pill" as a product that improves gas mileage.The court also barred the defendants from access to ... Read More...Judge to Decide BioPerformance Fate
The fate of BioPerformance is soon to be decided by a courtroom in San Antonio, according to a news report by Brooke Richie of CBS 11 Dallas-Fort Worth.According to her report of the courtroom proceedings, reported and uncontested is that the company netted more than $25 million dollars in just f... Read More...
