Former Peak Fitness Execs Face Fraud ChargesCHARLOTTE, N.C. (AP) - Two former executives of the bankrupted Peak Fitness in Charlotte have been charged with fraudulently obtaining loans from Wells Fargo and Wachovia. Former fitness chain owner Jeffrey Stec and chief financial officer Kenneth Hanley are charged with commercial loan fraud and money laundering conspiracy. FNR gets expert insight on what happens from here from Tom Bartholomy of the Better Business Bureau.
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