Cy-Fair company sued over pyramid scheme
A business with headquarters in Cy-Fair is being sued after recruiting investors for its pyramid promotional scheme.
Richard Brown and others filed a lawsuit on Feb. 2 in the Harris County District Court against Cy-Fair’s AmeriSciences, Barry Cocheu, Louis Gallardo and Steven Redman, alleging violations of the Texas Deceptive Business Practices Act and fraud.
The plaintiffs say that the defendants run a pyramid scheme, inviting potential “investors” to attend informational meetings about the business, promising them compensation and bonuses from the sale of AmeriSciences products.
According to the brief, in reality, the true source of earnings for “investors” in AmeriSciences was realized not from the sale of its products, but from the continuous recruitment of new “investors” to perpetuate the defendants’ illegal pyramid promotional scheme.
The plaintiffs are seeking actual and treble damages, attorney’s fees, and court costs. They are being represented in the case by Houston attorney Dwayne Day.
Harris County District Court Case No. 2011-07110.
This is a report on a civil lawsuit filed at the Harris County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.