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Sentence given in Powerhouse Gym case

2 years 11 months 2 weeks ago December 19, 2013 Dec 19, 2013 Thursday, December 19 2013 December 19, 2013 10:41 AM in News
Source: WBRZ

BATON ROUGE - One of the two men who set up the defunct Powerhouse Gym has been sentenced to 41 months in prison.

Matthew Bernard made an agreement with the U.S. Attorney to plead guilty to bank fraud charges.

He admitted to falsifying documents in order to obtain a bank loan for the gym, including fake tax returns.

Powerhouse co-owner Ronald Olah was also charged in the case. He entered a plea agreement in Oct. 2013.

The gym had problems from the beginning. The opening was delayed by over a year, and customers demanded their money back.

Contractors went unpaid and the owners were eventually evicted from the property for not paying their rent.

 

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