Potential for Stem Cell Therapies Stems Alleged Grift

  • Iowa AG Brenna Bird filed a lawsuit against Biologics Health, LLC and Summit Partners Group, LLC, d/b/a Summit Health Centers, as well as their co-owners, for allegedly violating the Iowa Consumer Fraud Act, the Door-to-Door Sales Act, and the Older Iowans Law by making false and deceptive claims in their door-to-door sales of unproven stem cell therapies.
  • According to the complaint, the companies falsely targeted older Iowans with claims that their services could provide relief from pain and other symptoms caused by common medical conditions. AG Bird alleges that over 250 Iowans were sold fake and ineffective stem cell therapies that were administered by injections and IVs in the consumers’ homes, at a cost of over $9,000 per person.
  • The lawsuit asks for a permanent injunction preventing the defendants from engaging in deceptive marketing, as well as reimbursement and the voiding of all sales contracts and financing agreements for deceived consumers. The AG also seeks civil penalties of up to $40,000 for each violation of the Consumer Fraud Act and an additional civil penalty of $5,000 for each violation under the Older Iowans Law.