Source: MY San Antonio 6/19/2006
Shortcuts to Gas Savings Typically Dead Ends
Tens of thousands of people lined up to sell the potions, and BioPerformance Inc. took in more than $25 million. The company's founders paid off mortgages, started trust funds for their families and bought luxury cars, boats and Rolexes.
As all of that money changed hands and the good word of mouth spread, Texas Attorney General Greg Abbott says he believes a crucial detail was overlooked: The products didn't work. He shut down Irving-based BioPerformance this month, saying the company built a pyramid scheme around a worthless product made from the same stuff as mothballs.
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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
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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...
