Echelon Fitness Multimedia to Pay at Least $2.1M to Settle Federal Allegations It Underpaid Tariffs and Import Fees
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2 Articles
Fitness Company Settles False Claims Act Customs Case Initiated by Whistleblower
Echelon Fitness Multimedia agreed to pay $2.1M to settle a False Claims Act case alleging that it knowingly undervalued fitness equipment imported into the US to lower tariff payments owed to the government.
Echelon Fitness Multimedia to Pay at Least $2.1M to Settle Federal Allegations It Underpaid Tariffs and Import Fees
Echelon Fitness Multimedia, a Chattanooga-based smart exercise equipment company that has cast itself as a Peloton rival, agreed to pay at least $2.1 million to settle federal allegations it underpaid tariffs and import fees, officials said. Federal prosecutors accused the company of intentionally submitting inaccurate invoices to customs officials from September 2019 to January 2023, according to a U.S. Attorney’s Office press release. Read mor…
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