Echelon Fitness Multimedia, LLC Agrees To Settle False Claims Act Allegations For $2,100,000
Excerpt
KNOXVILLE, Tenn. – Echelon Fitness Multimedia, LLC (Echelon), a Chattanooga, Tennessee-based company that sells connected fitness equipment, such as smart bikes, treadmills, and rowers and provides digital memberships that offer live and on-demand classes, agreed to settle allegations under the False Claims Act (FCA) that the Company deceptively undervalued fitness equipment imported into the United States to lessen tariff obligations and other import assessments owed to the United States. Under the terms of the settlement, Echelon will pay at least $2,100,000 to resolve the FCA claims. According to filed documents, it was alleged that from September 2019 through January 2023, Echelon knowingly submitted inaccurate invoices to U.S. Customs and Border Protection (CBP) that underreported the