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Banachek exposes the chicanery of Power Balance Bracelets. You know the kind, those silly holographic bands that claim to give you better balance, strength, and flexibility. This was the beginning of the end for those bracelets as shortly after they were forced into a $57 million settlement from the company. The company put out a statement: " In our advertising, we stated that Power Balance wristbands improved your strength, balance, and flexibility. We admit that there is no credible scientific evidence that supports our claims and therefore we engaged in misleading conduct in breach of s52 of the Trade Practices Act 1974. If you feel you have been misled by our promotions, we wish to unreservedly apologize and offer a full refund." But the refund offer only had six months before a massive settlement delivered a $57 million dollar punch. TMZ reported shortly after that the company would be declaring bankruptcy and scrapping the Power Bracelets for good. Unfortunately, they are still in business but no claims on their web site.