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Yoga business founder pleads guilty to tax charge in New York City

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Published 1:49 PM

Associated Press

NEW YORK (AP) — An international yoga business founder whose chain of yoga studios promoted themselves as “Yoga to the People” has pleaded guilty to a tax charge in a New York federal court. Gregory Gumucio apologized Friday as he admitted not paying over $2.5 million in taxes from 2012 to 2020. Judge John P. Cronan set sentencing for Jan. 16. A plea agreement Gumucio reached with prosecutors calls for him to receive a sentence of about five years in prison, the maximum amount of time he could face after pleading guilty to a single count of conspiracy to defraud the Internal Revenue Service.

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