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Group Admits Fraud, Files Bankruptcy

Published Wednesday, September 01, 2004

MINNEAPOLIS, MN — Non-profit and fraud — these words aren't supposed to go together, but the president of a Utah non-profit group and the owner of a Utah fitness company have been accused of defrauding several school districts around the United States of millions of dollars. In a Minneapolis, MN District Court hearing on July 19, 2004, Joseph Mont Beardall of Highland, Utah, pled guilty to two counts of bank fraud, one count of mail fraud and one count of wire fraud for mismanagement of money from fitness equipment sales to schools across Minnesota. His company, School Fitness ...

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