The owners of Yoga of the People may have done more than stretched their bodies. They may have stretched the truth about their willingness to do their taxes.
Gregory Gumucio, Michael Anderson and Haven Soliman all owned the popular national Yoga chain. The FBI arrested all three on tax evasion charges. TMZ reported that all three face 30 years in federal prison if convicted. They face charges of one count of conspiracy to defraud the IRS and five counts of tax evasion.
Yoga has taken over as some people’s go-to exercise, particularly when it comes to adding some limber to your fit. Gumucio, Anderson and Soliman figured out how to turn it into a national chain. Some have called the business the McDonald’s of Yoga.
According to prosecutors, in documents obtained by TMZ, none of the three filed individual or business tax returns. Nor did they pay any income taxes between 2013 and 2020.
The Documents were very specific
“Yoga to the People allegedly avoided paying taxes by taking customer cash payments that were stuffed inside tissue boxes and passed around during classes,” TMZ reported. “Teachers were allegedly paid in cash and off the books.”
Gumucio launched the first studio in New York City in 2006, referring to it as a donation-based business. It eventually took off and now features studios in states such as California, Florida, Colorado, Arizona and Washington.
TMZ relayed, citing the documents: “Between 2015 and 2020, Gumucio didn’t report $1.6 million in income, and Anderson and Soliman had $2.1 million and $961,000 in unreported income, respectively. They owed $431,000, $603,000, and $196,000 in taxes, respectively.”