Gregory Gumucio, the founder and co-owner of Yoga to the People, faced consequences for nearly a decade of tax evasion, despite running a successful business.
Gumucio received over $3.5 million in income from 2012 to 2020 and did not file tax returns or pay taxes for at least eight years.
Damian Williams, the U.S. attorney, stated, 'Mr. Gumucio had built a thriving yoga business yet chose to evade his tax obligations for nearly a decade.'
In a plea agreement, Gumucio agreed to pay at least $2.5 million in restitution to the IRS and faces up to five years in prison.
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