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Sentence given in Powerhouse Gym case

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Posted: Dec 19, 2013 11:41 AM
Updated: Dec 19, 2013 11:41 AM
Source: WBRZ

  Rating: 5.0 (1 vote)

Topics: powerhouse, powerhouse gym, bernard, matthew bernard, olah, ronnie olah, sentence, prison

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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