Attorney General Chris Carr announced a significant legal victory in the fight against deceptive business practices. The co-founders of Superior Healthcare, LLC and related entities, including Regenerative Medicine Institute of America and Physicians Business Solutions, have been ordered to pay a total of $5,155,146 in civil penalties and consumer refunds.
This comes after an investigation revealed that the companies aggressively marketed unproven and costly stem cell products to vulnerable elderly and disabled adults, falsely claiming they could cure various health conditions.
The products, priced around $5,000 per joint injection, were promoted through misleading advertising, including seminars, social media, and infomercials, despite the lack of scientific evidence to support their claims.
The legal action, taken in partnership with the Federal Trade Commission (FTC), resulted in a ruling by the U.S. District Court for the Northern District of Georgia in March 2024, which found the defendants’ actions in violation of the Georgia Fair Business Practices Act.
As part of the ruling, the defendants are permanently banned from advertising or selling regenerative medicine treatments. Additionally, the court ordered the companies to refund $3,310,146 to 479 affected Georgia consumers and impose $1,845,000 in civil penalties.
Attorney General Carr emphasized the importance of protecting Georgia’s vulnerable populations from exploitation, reaffirming the state’s commitment to consumer protection.
This case highlights the collaborative efforts between state and federal authorities in holding businesses accountable for unlawful conduct.