Mike Yassine pleaded guilty on Wednesday to engaging in a tax …
Sketch of Mike Yassine in federal court on money laundering and drug charges (Courtesy: David Thornberry)
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Yassine brother indicted on tax charges
Accused of under-reporting nightclub earnings
Updated: Thursday, 18 Oct 2012, 5:46 PM CDT
Published : Thursday, 18 Oct 2012, 5:45 PM CDT
AUSTIN (KXAN) - Even before he was convicted last week of money laundering, former bar owner Mike Yassine was indicted on three counts of income tax fraud, court documents show.
An indictment filed Oct. 3 charges Yassine with under-reporting his earning from his downtown nightclubs in 2008, 2009 and 2010.
Mike Yassine and brother Steve Yassine, who owned a Downtown Austin nightclub empire that federal investigators said was a hub of drug activity and money laundering ,were found guilty of money laundering last week.
A third brother, Steve Yassine, was cleared of the money laundering charges. Allthree still have other charges pending against them.
Mike, Steve and Hadi Yassine were among 10 people rounded up in a raid of Sixth Street nightclubs in late March in the culmination of an investigation that started in 2007. The clubs raided were Treasure Island Bar, Kiss & Fly, Pure and Fuel -- each owned by Yassine Enterprises.
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