More bad news for Bioperformance as the Florida Attorney General files a case regarding unfair and deceptive business practices. Bioperformance was stung last week when Texas filed a case, freezing assets and halting business activities.
Now Florida begins a formal investigation.
Subject of investigation:
Bio Performance, Inc. and Lowell Mims, Director
Subject's address:
1300 W. Walnut Hill Ln, Irving, TX 75038
Subject's business:
Multilevel marketing
Allegation or issue being investigated:
Unfair/deceptive business practices in the sale of product that purports to make gasoline burn with greater efficiency without independent scientific testing to substantiate claim. Further, product is sold/distrbuted by means of multi-level marketing whereby the compensation is not based primarily on volume of bona fide sales. Possible violations of Florida Unfair or Deceptive Trade Practices Act, F.S. 501.201, et. seq., production and/or dissemination of misleading advertisements (F.S. 817.40 & 817.41), and operating, participating in, or soliciting on behalf of a chain letter or pyramid club (F.S. 849.091).
Status of case:
Investigation opened
Subject's position:
Unaware of investigation.
AG unit handling case:
Economic Crimes Division in Orlando, Florida
