Published 5 days ago • loading... • Updated 3 days ago

Yoga Business Founder From Colorado Gets 4 Years in Prison After Pleading Guilty to Tax Charge

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.

Insights by Ground AI

Does this summary seem wrong?

20 Articles

All

Left

Center

Right

9NEWS Denver

Center

Yoga business founder from Colorado gets 4 years in prison after pleading guilty to tax charge

Gregory Gumucio, 64, of Colorado Springs, Colorado, was sentenced in Manhattan federal court and ordered to pay the IRS $2.7 million in restitution.

4 days ago·Denver, United States

Read Full Article

Newser

Lean Left

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...

5 days ago·Miami, United States

Read Full Article

Hindustan Times

Center

Founder of US yoga business gets 4 years in jail over $2.5 million tax evasion

Gregory Gumucio had pleaded guilty to a single count of conspiracy to defraud the IRS, admitting that he had not paid over USD 2.5 million in taxes.

5 days ago·New Delhi, India

Read Full Article

Devdiscourse

Center

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.

5 days ago·India

Read Full Article