Yogi Tantra Yoga studio, Yoga studio founder facing charges
Posted On June 18, 2021
A yoga studio founder who once led the movement to build affordable yoga mats in the U.S. has been charged with one count of conspiracy to commit racketeering.
The Indiegogo campaign for “Yogi Tantra Yogi” raised more than $11,000 in September.
The site now lists the company’s founder as a fugitive and a fugitive is a term used to describe someone who is not wanted by the government.
“It’s been a very tough couple of weeks,” a lawyer for “Panchi” Bhakti told The Hill.
“I haven’t seen my client for some time.”
Panchit’s wife, Yagan Bhaktis, is also charged.
Both are in custody.
Panchitt’s lawyer said the charges against the couple were based on a false accusation.
Pitchfork reported that Bhaktsin was arrested by the FBI and the Justice Department on October 11 after his company, Indiegogate, filed a federal racketeering lawsuit in Texas seeking more than half a billion dollars in damages from the company, including more than one million dollars in property damage.
Pivot Yoga has not yet posted its latest financials.