Edmond Tarverdyan, head coach to former UFC bantamweight champion Ronda Rousey, filed for bankruptcy in 2015. In the following bankruptcy case, Tarverdyan was issues a $160,000 bill by trustee Jason Rund. Now, a new report suggests that Tarverdyan may have not been entirely truthful at the initial Meeting of Creditors.
Jason Rund’s final report stated, as provided by Bloody Elbow, “[Tarverdyan] is a relatively high profile boxing and mixed martial arts trainer who has worked with fighters such as Ronda Rousey and Travis Brown [sic].
“However, [Tarverdyan] testified that he does not own a gym and makes minimal income from training relatively unknown fighters. [Tarverdyan] works out of a gym called the Glendale Fighting Club which [Tarverdyan] testified he sold to one of his students because the business was doing poorly. Notwithstanding [Tarverdyan’s] characterization of his sources of income and business interests, the information he provided is not accurate. The Glendale Fighting Club is operated under the corporate entity GFC Fitness, Inc. and the sole shareholder is [Tarverdyan’s] spouse, Diana Avetisyan.
“The trustee has further established that [Tarverdyan’s] income he receives as a trainer is transacted thru the corporation. Trustee Rund’s final conclusion on the Glendale Fighting Club was that “the current Profit and Loss Statement for the corporation through November 2015 reveals gross income of $657,272 which includes $406,000 from training Rousey… There is no doubt that the success of the gym and corporation is directly related to [Tarverdyan’s] efforts.”
