Latest news with #Gumucio
01-07-2025
- Business
Yoga business founder gets 4 years in prison after pleading guilty to tax charge
NEW YORK -- 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 P. Cronan, who also ordered him to pay $2.7 million in restitution to the Internal Revenue Service. In October, he pleaded guilty to a single count of conspiracy to defraud the IRS, admitting that he had not paid over $2.5 million in taxes from 2012 to 2020. 'Gregory Gumucio built a profitable yoga empire and lived well off its success — but he refused to pay his taxes,' U.S. Attorney Jay Clayton said in a statement. Gumucio's business, which generated over $20 million in revenue, had operated in about 20 locations in the United States, including in San Francisco, Berkeley and Oakland, California; Tempe, Arizona; Orlando, Florida; and cities in Colorado and Washington. It also operated in studios in Spain and Israel and was seeking to expand to other countries when it closed four years ago. When Gumucio was arrested two years ago, a prosecutor said he was the living in Cathlamet, Washington, and had been arrested 15 times. The prosecutors also said he had in the past used at least six aliases, three Social Security numbers and claimed three places of birth.
Hindustan Times
01-07-2025
- Business
- Hindustan Times
Founder of US yoga business gets 4 years in jail over $2.5 million tax evasion
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 Gregory Gumucio, 64, of Colorado Springs, Colorado, was sentenced in Manhattan federal court by Judge John P Cronan, who also ordered him to pay USD 2.7 million in restitution to the Internal Revenue Service. In October, he 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 from 2012 to 2020. 'Gregory Gumucio built a profitable yoga empire and lived well off its success — but he refused to pay his taxes,' US Attorney Jay Clayton said in a statement. Gumucio's business, which generated over USD 20 million in revenue, had operated in about 20 locations in the United States, including in San Francisco, Berkeley and Oakland, California; Tempe, Arizona; Orlando, Florida; and cities in Colorado and Washington. It also operated in studios in Spain and Israel and was seeking to expand to other countries when it closed four years ago. When Gumucio was arrested two years ago, a prosecutor said he was the living in Cathlamet, Washington, and had been arrested 15 times. The prosecutors also said he had in the past used at least six aliases, three Social Security numbers and claimed three places of birth. (AP)
Hamilton Spectator
01-07-2025
- Business
- Hamilton Spectator
Yoga business founder gets 4 years in prison after pleading guilty to tax charge
NEW YORK (AP) — 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 P. Cronan, who also ordered him to pay $2.7 million in restitution to the Internal Revenue Service. In October, he pleaded guilty to a single count of conspiracy to defraud the IRS, admitting that he had not paid over $2.5 million in taxes from 2012 to 2020. 'Gregory Gumucio built a profitable yoga empire and lived well off its success — but he refused to pay his taxes,' U.S. Attorney Jay Clayton said in a statement. Gumucio's business, which generated over $20 million in revenue, had operated in about 20 locations in the United States, including in San Francisco, Berkeley and Oakland, California; Tempe, Arizona; Orlando, Florida; and cities in Colorado and Washington. It also operated in studios in Spain and Israel and was seeking to expand to other countries when it closed four years ago. When Gumucio was arrested two years ago , a prosecutor said he was the living in Cathlamet, Washington, and had been arrested 15 times. The prosecutors also said he had in the past used at least six aliases, three Social Security numbers and claimed three places of birth. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Winnipeg Free Press
01-07-2025
- Business
- Winnipeg Free Press
Yoga business founder gets 4 years in prison after pleading guilty to tax charge
NEW YORK (AP) — 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 P. Cronan, who also ordered him to pay $2.7 million in restitution to the Internal Revenue Service. In October, he pleaded guilty to a single count of conspiracy to defraud the IRS, admitting that he had not paid over $2.5 million in taxes from 2012 to 2020. 'Gregory Gumucio built a profitable yoga empire and lived well off its success — but he refused to pay his taxes,' U.S. Attorney Jay Clayton said in a statement. Gumucio's business, which generated over $20 million in revenue, had operated in about 20 locations in the United States, including in San Francisco, Berkeley and Oakland, California; Tempe, Arizona; Orlando, Florida; and cities in Colorado and Washington. It also operated in studios in Spain and Israel and was seeking to expand to other countries when it closed four years ago. When Gumucio was arrested two years ago, a prosecutor said he was the living in Cathlamet, Washington, and had been arrested 15 times. The prosecutors also said he had in the past used at least six aliases, three Social Security numbers and claimed three places of birth.
