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‘Immediately Stop Using': 2.2 Million Exercise Bikes Recalled After Injuries Reported ‘Immediately Stop Using': 2.2 Million Exercise Bikes Recalled After Injuries Reported
‘Immediately Stop Using': 2.2 Million Exercise Bikes Recalled After Injuries Reported A recall has been issued for 2.2 million exercise bikes until they can be repaired following multiple reports of injuries. The seat post assembly of the Peloton Bike Model PL01 can break during use, posing fall and injury hazards to the user, the Consumer Product Safety Commission (CPSC) said. Consumers should immediately stop using the recalled bikes and contact Peloton for a free repair. Peloton is offering consumers a free seat post that can be self-installed. The bike measures 4 feet long, and 2 feet wide, and has an adjustable seat, handlebar, and screen, which tilts up…

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by Joe Lombardi
News
$520,000 Stock Fraud Scheme Leads To Indictment For Barred NY Investment Broker: DA $520,000 Stock Fraud Scheme Leads To Indictment For Barred NY Investment Broker: DA
$520,000 Stock Fraud Scheme Leads To Indictment For Barred NY Investment Broker: DA A barred investment broker has been indicted on charges he stole $520,000 from six investors who believed they were investing in stocks for several high-profile companies. Long Island resident Peter Quartararo, age 57, of Glen Cove, was arraigned Thursday, March 9 on charges of grand larceny, said Nassau County District Attorney Anne Donnelly. “This defendant allegedly tricked investors into believing they were getting in on the ground floor of high-profile companies that were going public," Donnelly said. During the "scheme" which began in July 2018 and continued through January 2021, Qua…

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by Kathy Reakes
Business
Peloton To Close Westchester Facility, With 75 Losing Jobs Peloton To Close Westchester Facility, With 75 Losing Jobs
Peloton To Close Westchester Facility, With 75 Losing Jobs Peloton has announced plans to shut down some of its facilities and lay off thousands of employees, including some workers in the region. On Tuesday, Feb. 8, the exercise equipment company announced plans to restructure and let go of a total of 2,800 employees globally. CEO John Foley also announced plans to step down. As part of the restructuring, the facility located in the Westchester County city of Mount Vernon will shut down, causing 75 employees to lose their jobs, according to a Worker Adjustment and Retraining Notification Act (WARN) notice posted on Feb. 8. The facility is located…

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by Nicole Valinote
News
Peloton Recalls Treadmills After 72 Injuries, 1 Child Death Reported Peloton Recalls Treadmills After 72 Injuries, 1 Child Death Reported
Peloton Recalls Treadmills After 72 Injuries, 1 Child Death Reported Peloton recalled all of its treadmill machines Wednesday. The popular exercise equipment company issued an apology for not acting faster on reports of nearly 72 injuries and the death of a 6-year-old child, who was pulled under the rear of a treadmill. Of the 72 injuries, 29 were to children such as second- and third-degree abrasions, broken bones, and lacerations, according to the Consumer Product Safety Commission. Peloton CEO John Foley called the decision to recall both the Tread+ and Peloton Tread the "right thing to do." "I want to be clear... We should have engaged more p…

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by Cecilia Levine
News
Feds Issue Urgent Warning On Popular Home Exercise Device Feds Issue Urgent Warning On Popular Home Exercise Device
Feds Issue Urgent Warning On Popular Home Exercise Device Reports of children and pets getting trapped under a popular home exercise device have prompted an urgent warning from a federal agency. The Consumer Product Safety Commission issued the alert about the danger of the popular, 450-pound Peloton Tread+ exercise machine following what it said were "multiple incidents," including one death. Of the 39 total incidents, 24 involved children, with the one fatality a child. The commission said that "public health and safety requires this notice to warn the public quickly of the hazard." The urgent warning comes less than a month after Peloton itse…

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by Joe Lombardi