Santa Ana, California company Power Balance LLC finally declares bankruptcy yesterday. This should not come as a shock to anyone considering how much hype has been put into these bracelets. This was one of the first companies to start scamming people in Australia, where the company started. Originally this was a novelty product designed more for fashion and less for what it later claimed it was capable of.
Australian regulators finally ordered to company to refund customers because…
there is no scientific evidence to back their claims that the holographic bracelets provided enhanced athletic performance.
A US lawsuit quickly followed and people are all rushing to get onboard the class action lawsuit. It is only a matter of time before law enforcement cracks down on other scam companies like Cprime bracelets and forces them to refund customers. There is absolutely no scientific data that backs up any of the claims these con artists are claiming. Power Balance was just the biggest and first to fall. When will the other bracelet manufactures be brought before a judge and ordered to stop ripping people off?
Companies like Power Balance and Cprime bracelets use snake oil sales tactics to trick people into thinking a piece of rubber and foil will help them. These people are looking for anything that can give them an easy advantage over their competitors. They all want the easy way out and these scam bracelet companies are making a killing off the opportunity. They are using trick demonstrations and fake patent claims to confuse customers. America is sick of this type of BS and customers are more informed these days. If you hear of anyone trying to rip someone off with one of these scam bracelets you need to let them know their rights.
People have been spotted scamming people at malls, gyms, and even little league sporting events. These MLM scammers are preying on people during the down economy. They are making claims of helping people and getting rich quick. Power Balance and Cprime bracelets both make claims that they have a super secret technology. They claim this technology will block body waves and somehow improve balance and strength. The only thing they really improve is the sleazy salesperson’s bank account. How are people still able to defraud consumers in this day and age? How could a company like Power Balance and Cprime Bracelet make it to the shelves of some of America’s largest retailers?
Let us know if you have seen one of these fools trying to rip someone off. It is time to stop ripping consumers off and be accountable for what you are claiming. Give us your opinion below about Power Balance claiming bankruptcy or if a cprime bracelet scam artist has approached you or somebody you know.
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It’s ridiculous that something like this could actually help you. Actually you would have to be pretty stupid to believe something like that, so the people who are filing the lawsuit are implicitly admitting to being dumb. There, however, could be a placebo effect in these bracelets. Maybe athletes just need a little bit of extra self confidence to push themselves harder.