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Life Time Fitness Founder, Bahram Akradi, Charged with "Road Rage"
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(06/03/06) Bahram Akradi, Life Time Fitness Founder and CEO is defending himself of charges that he allegedly assaulted a high school student and damaged his car. The company has published a statement that the charges are "unproven, insignificant and irrelevant". Life Time Fitness went public almost 2 years ago and the stock has skyrocketed upward. Akradi was able to cash out $41M in stock.
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June 03, 2006 Minnetonka, MN --
According to the filing of charges by the Hennepin County Attorney's office in Minnesota earlier this week, Bahram Akradi, founder and CEO of Life Time Fitness, had an incident with an 18-year-old student in the parking lot of the Minnetonka High School last February.
Akradi, allegedly got out of his Humvee and slammed his fist into the student's BMW, leaving a dent. He then allegedly yelled at the student to get out of the car, the student refused and Akradi opened the car door and tried to pull the student out, ripping his shirt in the process.
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Bahram Akradi (above) is a highly successful health club chain operator, but his temper may have gotten him into some hot water over an alleged incident with another driver.
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In response to charges filed, Life Time Fitness has issued a statement and believes the charges to be unproven, insignificant and irrelevant.
The claim alleges damage to property amounting to $749.91, along with a misdemeanor charge for grabbing the collar of the complainant's shirt.
Akradi has said he intends to vigorously defend himself against this claim. He has retained personal counsel in connection with the matter. If convicted, Akradi could face fines and jail time, but Hennepin County Attorney Amy Klobuchar said her office would not seek jail time but restitution for the damages .
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Source: KARE 11
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