This article claims that BioPerformance can no longer market their product. Based on the BioPerformance press release, the company seems to think they will be marketing the product again soon.
The plot thickens. I’m not sure BioPerformance will recover.
KWTX:
A more than $7 million settlement announced Tuesday blocks a Dallas company from marketing a bogus gasoline additive.
Texas
Attorney General Greg Abbott sued BioPerformance last May over the
drop-in-the-tank pill and powders that experts say falsely were
marketed to increase fuel efficiency.Investigators determined the sales involved a pyramid scheme.
The lawsuit says BioPerformance made money by getting consumers to purchase the pills in bulk, and then sell them to others.
Abbott’s office says consumers who were deceived will share the settlement.
"With
gasoline prices hitting record highs, these defendants aggressively
marketed their worthless product as a wonder-cure,” Abbott said.“Sadly,
these do-nothing pills were merely the tools of an elaborate pyramid
scheme that enriched the sellers while buyers were left with empty
hands and empty wallets."The
company’s web site promised fuel savings of 25 percent from the pill
and indicated BioPerformance had a net income of $25 million since
December of 2005.Scientists
at the University of Texas at Austin and at a Florida university tested
the product, however, and concluded the pills were mainly comprised of
naphthalene, the same chemical found in mothballs, Abbott said after
filing the suit earlier this year.The Attorney General’s laboratory expert concluded the product could actually decrease engine performance.
Consumers
who want file a claim for restitution can contact the Texas Attorney
General’s Office at 1-800-252-8011 or via the Attorney General’s Web
site.
