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Federal agents indicted popular yoga business owners for disguising a lucrative nationwide business as a front for a tax evasion scheme to funnel unreported cash to their pockets.
Co-founders of Yoga to the People – Gregory Gumucio, 61, Haven Soliman, 33, and Michael Anderson, 51 – were arrested and taken into custody by FBI agents in Washington state on Wednesday.
The business generated gross receipts of over $20 million, yet the owners avoided filing corporate tax returns with the IRS from 2013 to 2020, according to Damian Williams, U.S. attorney for the Southern District of New York.
Permanently closed Yoga to the People location on the 3rd and 4th floors of a 6th Avenue building in New York, New York.
(Google )
Yoga to the People marketed itself as affordable, offering free classes and welcoming donations from students. Instructors collected cash donations in an empty tissue box at the end of class.
DEMOCRAT PROMISES MORE TAXES IF THE PARTY STAYS IN POWER: REPORT
According to prosecutors, studio managers were forbidden to count the cash proceeds, and were forced to deliver them to Gumucio’s Manhattan apartment, where they would be counted in “stacking parties.”
Permanently closed Yoga to the People in Brooklyn, New York.
(Google )
“The defendants perpetrated their scheme in various ways, including paying employees in cash and off the books, refusing to provide employees with tax…
