Renowned gym in the country was sanctioned with a millionaire fine for incomplete advertising and abusive clauses
The SIC led this process and collected the necessary evidence. Photo: iStock
TL;DR
- Stark Smart Gym fined $285,166,280 by SIC for consumer rights violations.
- Violations include incomplete advertising, unclear contract terms, and abusive clauses.
- Promotional offers lacked essential details like start dates and unit availability.
- Contracts had ambiguous terms on refunds, termination, and plan suspension.
- The SIC is increasing oversight on gym industry practices.
- This is one of several recent sanctions against gyms, totaling over $915 million.
- Over 144 lawsuits are currently filed against gyms, with many targeting Smart Fit Colombia, Spinning Center Gym, and Bodytech.
- The SIC emphasizes the need for transparent, equitable, and understandable contracts.