Yoga to the People Owners Arrested for Tax Fraud – TheNewsBig.NG » TheNewsBig

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The owners of Yoga to the People — a worthwhile nationwide yoga enterprise — may presumably be instructing their practice programs behind bars for a very long time … ’set off the feds arrested them on tax evasion costs.

Gregory Gumucio, Michael Anderson and Haven Soliman have been rounded up Wednesday by federal brokers and charged with one rely of conspiracy to defraud the IRS and 5 counts of tax evasion. The trio faces up to 30 years in jail if convicted.

In accordance to a jail criticism, obtained by TheNewsBig, the execs raked in $20 million from 2013 to 2020 and lived extreme off the hog.

Prosecutors declare Gumucio doled out nearly $270.00 to United Airways and $76,000 on resorts. Gumucio moreover held Denver Broncos season tickets worth over $40,000, the criticism says. All three execs allegedly paid for non-public payments using enterprise accounts.

Draw back was, in accordance to prosecutors, all three failed to file specific particular person or enterprise tax returns … and they also didn’t pay any earnings taxes between 2013 and 2020.

Yoga to the People allegedly prevented paying taxes by taking purchaser cash funds which have been stuffed inside tissue bins and handed spherical all through programs. Lecturers have been apparently paid in cash and off the books.

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Between 2015 and 2020, Gumucio didn’t report $1.6 million in earnings, and Anderson and Soliman had $2.1 million and $961,000 in unreported earnings, respectively. They owed $431,000, $603,000, and $196,000 in taxes, respectively, prosecutors said.

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Gumucio opened Yoga to the People in Manhattan in 2006, touting it as a donation-based studio, which grew to change into all the rage and branched out to California, Colorado, Arizona, Florida, and Washington state.

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