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Texas Attorney General Shuts Down Bogus Fuel Pill Scheme!
Attorney
General Abbott Says: "We will aggressively fight these con artists who
cynically exploit the public’s concerns about high gas prices to line
their own pockets.”
By Scott Siegel -www.BeatTheGasPump.com
SAN ANTONIO- Attorney General Greg Abbott praised a state district
court’s decision today upholding his injunction against
Dallas-based BioPerformance and its owners Lowell Mims and Gustavo Gus
Romero.
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.
The temporary injunction issued by the court bars the defendants from
accessing millions of dollars wrongly diverted for personal uses from
this illegal pyramid. These funds were frozen when Attorney General
Abbott sued BioPerformance on May 16. The court order states the fuel
pill marketed and sold by BioPerformance does not increase fuel
economy, nor does it reduce harmful emissions. It also orders
BioPerformance to cease marketing the fuel pill as a product that
improves gas mileage.
“This company and its owners spent a lot of time boosting the
confidence of their clients' buying power and did nothing to boost gas
mileage or performance of vehicles, as they falsely claimed these gas
pills would do. We will aggressively fight these con artists who
cynically exploit the public’s concerns about high gas prices to
line their own pockets.”said Attorney General Abbott.
Abbott went on to say: "BioPerformance claims its top-secret gas pills
can save consumers big bucks at the gas pump. These claims are bogus;
the pill does absolutely nothing to improve gas mileage. The company is
merely a smokescreen to trigger the recruitment of more and more paying
members into what appears to be an illegal pyramid scheme."
The lawsuit came amidst growing evidence that the miracle pills
BioPerformance sold would dramatically improve fuel efficiency and
reduce emissions in vehicles when put in gas tanks were nothing more
than naphthalene, the active ingredient found in moth balls. The
compound has no ability to reduce fuel consumption, studies have shown.
“BioPerformance’s stated goal was to create a thousand
millionaires through its marketing scheme," Attorney General Abbott
asserted. "The fact is, Mims and Romero became the millionaires while
others were duped into investing their money on a product that doesn't
work.” During the three-day hearing in San Antonio, both
defendant’s admitted under oath that since the company’s
inception in December 2005 they each took millions of dollars from the
BioPerformance corporate accounts and deposited them into their
personal accounts.
The evidence presented by the Office of the Attorney General also
showed that Romero wired hundreds of thousands of dollars to his
brother in Mexico, the purported broker that supplied BioPerformace
with its raw materials -- powdered naphthalene. Romero said in court
that it cost the company about $4 to manufacture each 40 pill bottle,
which on its Web site BioPerformance suggested should retail for
approximately $50, a markup in excess of 1,000 percent.
The Attorney General relied on some of the most sophisticated testing
of the BioPerformance pills and testimony from several experts,
including a University of Texas professor with over 30 years experience
in the field of combustion. All concluded that the pills are worthless.
BioPerformance also failed to provide any credible data supporting its
claims that pills could save consumers 30 percent or more in fuel
consumption.
The experts consulted by the Attorney General's investigators all
agreed that the pills are about 70 percent naphthalene, (mothballs) a
toxic pesticide. Until its marketing was shut down by the temporary
restraining order, BioPerformance had steadfastly claimed that the
pills were an “enzyme”, “biodegradable”, and
“good for the environment”. One of the experts stated
that BioPerformance's product could actually decrease engine
performance possibly even damage the engine.
Any consumer who believes he or she was defrauded by BioPerformance can
file a complaint with the Office of the Attorney General by calling
1-800-252-8011 (consumers within Texas) or 512-463-2100 (consumers
outside of Texas). Consumers can also file complaints online at
www.oag.state.tx.us
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Scott Siegel is the author of "Beat The Gas Pump!"
To learn more about taking your money out of your gas tank and putting it back in your pocket go to:
http://www.beatthegaspump.com
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