Stream launched in 2005, with the company today claiming to be

the largest direct selling energy company in the world, with over $7 billion in revenue in just six states.

Based out of Texas in the US, Stream is headed up by President and CEO, Mark Schiro (right).

As per Schiro’s Stream corporate bio, he

previously served as president of his personal investment firm, STI Investments Ltd., and STI Masonry LLC, an architectural paving products manufacturer.

Steam appears to be Schiro’s first MLM venture as an executive.

As to the company itself, in 2009 two class action lawsuits were filed against Stream. Both lawsuits alleged Stream operated ‘
as a pyramid scheme which is substantially more active in recruiting sales associates than in recruiting new customers
‘.

The lawsuit in Georgia was dismissed on procedural grounds, with litigation in Texas ongoing.

October 2015 saw a class of plaintiffs in the case
decertified
, leaving two plaintiffs standing.

The two remaining plaintiffs have requested a rehearing with the full Fifth Circuit.

The case will be reheard only if a majority of the 15 active justices now sitting on the Fifth Circuit agree to do so.

Update 10th October 2016 – 
On September 30th the Texas Fifth Circuit Appeals Court
upheld RICO class-certification
. 
/end update

Earlier this
Solavei
filed its own lawsuit against Stream, alleging breach of contract and theft of trade secrets.

Back in June the case was dismissed via summary judgement, with the court finding ‘
Solavei had no evidence whatsoever to support its groundless allegations
‘.

A press-release published on June 25th by Stream claimed

Stream will pursue its own counterclaims against Solavei and two of its corporate officers – CEO Ryan Wuerch and General Counsel Rick White – for charges of defamation and tortious interference with Stream’s business.

As at the time of publication I wasn’t able to find anything further. Ryan Wuerch meanwhile announced yesterday that Solavei has 
collapsed
.

Stream has also had
run ins with state regulators
, with Texas fining

Stream nearly $100,000 in 2011 and 2012 for violating customer protection rules.

Read on for a full review of the Stream MLM business opportunity.

The Stream Product Line

Stream market three core services, energy, cell phone and protective services.

Energy services listed on the Stream website include electricity, gas and clean energy. Rates are available on the Stream website, subject to the location of the customer (US only).

Stream’s cell phone service is provided through ‘
two major 4G LTE nationwide networks.
‘

Plans start from $30 a month for 1GB of data.

Protection services offered through Stream include identity protection, credit monitoring and tech support.

When you use Stream Identity Protection, you’ll be alerted immediately if any suspicious activity occurs.

Stream Credit Monitoring allows you to review your past credit history, check your current score, and plan for the futu

🤖 Quick Answer

What is Stream and when was it founded?
Stream is a direct selling energy company established in 2005, headquartered in Texas. The company claims to be the world's largest direct selling energy provider, operating across six US states with annual revenue exceeding $7 billion. It is led by President and CEO Mark Schiro, whose background includes investment and manufacturing sectors prior to joining the company.

What legal challenges has Stream faced?
In 2009, two class action lawsuits were filed against Stream, alleging the company operated as a pyramid scheme with greater emphasis on recruiting sales associates than acquiring new customers. These legal actions challenged the company's business model and recruitment practices, raising concerns about its operational legitimacy and compliance with anti-pyramid scheme regulations.

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