Former Club Owner Banned From Fitness Facility Business

North Carolina Superior Court judge Robert Hobgood has banned Jeffrey Stec, the former owner of 38 Peak Fitness centers, from the health club business for 12 years after he violated a state law requiring fitness facilities selling prepaid memberships to be properly bonded. Stec faces a $2 million fine if he is found to be working in the health club industry anywhere in North Carolina.

According to The Charlotte Observer, Peak Fitness declared bankruptcy in 2009 and closed some two dozen clubs across the state. The gyms weren't carrying proper bonds, leaving customers vulnerable to losses, said North Carolina attorney general Roy Cooper, whose office has received more than 700 complaints about Peak. Bonds are meant to protect health club members by refunding them if a given facility shuts its doors.

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