CrossFit Promoter Accused Of Fraud Can Finally Workout In Peace Again

The entrepreneur accused of screwing over investors can pull tires around the gym tonight without a care in the world.
Author:
Updated:
Original:

Joshua B. Newman, a New York entrepreneur charged last year with defrauding investors in several CrossFit training ventures, has reached a plea deal with federal prosecutors in New Jersey...Last May, federal prosecutors charged Mr. Newman with two counts of wire fraud. Authorities said Mr. Newman, 36, defrauded more than a dozen investors out of at least $2 million in trying to raise money...Mr. Newman, who graduated from Yale University in 2001, positioned himself in recent years as something of a local spokesman for the high-intensity fitness movement known as CrossFit. He was the co-founder of a big, independently owned CrossFit center in Manhattan. But behind the scenes, investors complained about Mr. Newman not paying debts owed to them. [Dealbook]

Related

Alen Ištoković [CC BY 3.0], via Wikimedia Commons

CrossFit Fraudster To Spend Next 41 Months Studying New Workout Technique

Working titles include “YardFit” and “Big House Health Club.”

CrossFit Scam Artist Is Willing To Cut A Deal

Josh Newman has decided, in light of the whole possible prison thing, to be reasonable-ish.

Santeri Viinamäki [CC BY 4.0], via Wikimedia Commons

Fox Business Reporter's Workout Routine Stops For No Heatwave

Charlie Gasparino will beat these temps back with his sweat-soaked muscle tee.