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

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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.

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Gregory Gumucio, 63, of Colorado, apologized as he admitted not paying over $2.5 million in taxes from 2012 to 2020. He was freed on bail to await a Jan. 16 sentencing by Judge John P. Cronan, who questioned Gumucio during the plea proceeding.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.

He was eventually freed on $250,000 bail by a magistrate judge who noted that his last previous arrest was in 1992. Under questioning from the judge, Gumucio said yoga teachers were paid in cash, and he didn't provide them tax forms indicating how much revenue had been taken in.He said he was currently living in Colorado, though he did not specify where.

 

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