Source: CBS 11 6/1/2006

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 five months. The big question seems to be what happened to that money.

According to the article, BioPerformance President Lowell Mims netted between $9 and $10 million dollars, and so did vice president Gustavo Romero.

Mims and Romero claim the proceeds are dividends and as the sole shareholders, legitimate compensation. The Texas Attorney General maintains that the company sold a fake product through illegal means.

View BioPerformance Review

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...

 

BioPerformance News Archive

New Companies on Npros

Receive News and
Updates from Npros.com

 Send me news updates
 Send me New Companies

RSS Npros News Feed