CHATTANOOGA, Tenn. — A Chattanooga-based fitness company has agreed to pay at least $2.1 million to settle allegations that it improperly reduced tariffs and other import assessments by undervaluing fitness equipment brought into the United States.
Echelon Fitness Multimedia, LLC, which sells connected fitness equipment such as smart bikes, treadmills and rowers and provides digital memberships with live and on-demand classes, agreed to settle allegations under the False Claims Act.
The company is accused of deceptively undervaluing imported equipment to lessen tariff obligations and other import assessments owed to the United States…