US EditionYoga Business Founder From Colorado Gets 4 Years in Prison After Pleading Guilty to Tax Charge
NEW YORK, JUL 1 – Gumucio was ordered to pay $2.7 million in restitution after pleading guilty to tax conspiracy involving over $2.5 million in unpaid taxes from 2012 to 2020.
- Gregory Gumucio, founder of the international yoga studio brand “Yoga to the People,” was sentenced to a four-year prison term on July 1, 2025, by a federal court in Manhattan.
- In October 2024, Gumucio admitted to conspiring to defraud the IRS by failing to pay more than $2.5 million in taxes over the period spanning 2012 through 2020.
- His yoga enterprise, which operated approximately 20 studios worldwide and brought in more than $20 million in earnings, shut down in 2020 despite plans to expand into the U.S., Europe, and the Middle East.
- U.S. Attorney Jay Clayton stated that Gregory Gumucio created a successful yoga business and benefited financially from it, yet he deliberately failed to fulfill his tax obligations. In response, Judge John P. Cronan mandated that Gumucio compensate the IRS with $2.7 million in restitution.
- The sentencing highlights legal consequences for tax evasion by business founders and suggests increased scrutiny of similar enterprises in the wellness industry.
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Founder of Yoga Empire 'Refused to Pay His Taxes'
An international yoga business founder whose chain of yoga studios promoted itself as "Yoga to the People" was sentenced on Monday to four years in prison after he pleaded guilty to a tax charge. Gregory Gumucio, 64, of Colorado Springs, Colorado, was sentenced in Manhattan federal court by Judge John...
·Miami, United States
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Yoga Empire Founder Faces Justice Over Tax Fraud
Gregory Gumucio, founder of the 'Yoga to the People' chain, was sentenced to four years in prison for tax fraud, having avoided paying over USD 2.5 million in taxes. The yoga empire, once operating in multiple US and international locations, was lucrative before closing four years ago.
·India
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Leaning Left11Leaning Right0Center9Last UpdatedBias Distribution55% Left
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