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

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.