An international yoga business founder, known for his chain of studios under the name 'Yoga to the People,' has pleaded guilty to a tax charge in a New York federal court. Gregory Gumucio, 63, from Colorado, admitted to not paying over $2.5 million in taxes from 2012 to 2020. He has been released on bail and is awaiting sentencing in January.
Gumucio's business, which had locations across the United States, Spain, and Israel, generated over $20 million in revenue before closing four years ago. The plea agreement he reached with prosecutors could result in a five-year prison sentence for him.
