cross-referenced news and research resources about
Firepower Pill
Firepower International was advertised as a Hong Kong-based company owned and operated by Global Fuel Technologies Ltd, specializing in technology purporting to reduce the fuel consumption and environmental impact of petrol-operated vehicles. There were other offices in Sydney, China, Rhodes, Athens and Papua New Guinea, according to the now-defunct official company website. But "in reality it was a handful of people in an industrial estate in Perth", who were conducting a complex of fraudulent operations. The original entity—Firepower Operations Pty Ltd—was a $1 company, first registered in December 2004, owned by Firepower Holdings Group Ltd, a company with an address in the British Virgin Islands.
Through connections created with gullible Australian federal ministers, trade officials and their networks, the governments of Britain, Russia, Romania and many others were persuaded to believe Firepower offered important solutions to global warming and the peak oil energy crisis. However, after questions were raised about the efficacy of the 'Firepower Pill' and related products in reducing engine fuel consumption, the Firepower organisation's principal, Timothy Francis (Tim) Johnston, was claimed by media critics to have perpetrated a large-scale confidence trick or scam, the subject of investigation by the Australian Securities and Investments Commission (ASIC). In July 2011, ASIC banned Johnston from managing any company for twenty years.
|
|
|
updated Tue. July 23, 2024
-
South China Morning Post
April 4, 2013
That fraud involved a Hong Kong-based firm called Firepower International and offshore havens. Through connections with Australian officials, the governments of Britain, Russia, Romania and other nations were persuaded to believe Firepower had solutions to global warming and the energy crisis.
Perth Now
May 19, 2012
At the height of the Mr Johnston's career, his daughters' mobile phone bills went from $1720 in 2004-05 to $13,300 in 2005-06. Firepower's international travel fares leapt from $157,000 to $1.1 million, and hotel and accommodation costs jumped from $37,200 to more than $320,000. Mr Hughes said heÃâà...
Perth Now
February 26, 2011
Mr Johnston was never prosecuted by the WA Department of Consumer Protection despite "some real concerns" about the claims on packaging of the Firepower pill. Civil proceedings brought by the Australian Securities and Investment Commission in the Perth Federal Court last year found Mr JohnstonÃâà...
Sydney Morning Herald
February 22, 2010
Consumer Protection has forced the removal of several similar products in WA, including the Firepower pill, marketed by Firepower Australia Pty Ltd, in March 2008. Firepower boss Tim Johnston, is facing a further grilling in the Federal Court by liquidators of the company, for the collapse of the companyÃâà...
Wired News
February 13, 2008
Firepower International is launching its "Firepower Pill" in Sydney this week, sold in packets of 10. These promise to treat 60 liters (15.9 US Gallons) each: just open the fuel door and slap it in. There's just one problem: additive pills don't do much of anything, and certainly don't live up to their promise of aÃâà...
Sydney Morning Herald
August 9, 2007
Now independent university tests carried out for the Herald reveal what goes into the company's most high-profile product, the Firepower Pill. One of the main ingredients in the Western Force-branded pill is a naphthalene compound, a toxin with the familiar smell once found in sock drawers. NaphthaleneÃâà...
Sydney Morning Herald
February 6, 2007
AN INQUIRY has been launched into claims by Perth fuel technology company Firepower, which markets a brown pill it says reduces fuel consumption and harmful emissions. The company's investors reportedly include many high-profile sports stars. Firepower, run by Tim Johnston, has become one ofÃâà...
Sydney Morning Herald
January 11, 2007
MYSTERY over a company that is one of Australia's largest sporting sponsors deepened yesterday when its chief executive faced the media for the first time, only to raise as many new questions as he answered. John Finnin, a former senior official with Austrade and now with a previously little-knownÃâà...
Sydney Morning Herald
January 9, 2007
Over a series of remarkable weeks in November, the chairman of the little-known Perth-based fuel technology company Firepower was revealed as the main sponsor of the South Sydney Rabbitohs. The reported $3 million deal was unveiled by the Rabbitohs' part-owner Russell Crowe - on Jay Leno'sÃâà...
|
news and opinion
|
|
|
firepower pill
fraud:
firepower pill
|
|