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Yassine Brother Pleads Guilty In Tax Case
A former Downtown Austin bar owner recently convicted of money laundering has pled guilty to tax fraud, according to officials at the U.S. Attorney's Office.
Hussein Ali "Mike" Yassine, 40, pled guilty to engaging in a tax fraud scheme using his Austin nightclubs.
The charges stem from the same investigation that led to his conviction of money laundering.
That was back in March of last year when multiple federal agencies raided Yassine Enterprises multiple Downtown Austin night clubs.
In court Yassine admitted to procuring the preparation of a false Income tax return in October 2010, he provided a professional tax preparer with false information to be included in Yassine’s 2009 federal income tax return. According to court documents, figures provided by Yassine understated by hundreds of thousands of dollars the actual gross receipts generated by his downtown Austin night clubs - Spill, Qua, Kiss & Fly, Pure and Malaia - in 2009. As a result of his guilty plea, Yassine faces up to three years in federal prison and a maximum $250,000 fine. Sentencing has yet to be scheduled.
Yassine is currently in federal custody. Last month, Yassine was sentenced to 151 months in federal prison after a jury convicted him on money laundering charges.
Photo from the Bastrop County Sheriff's Office