AUSTIN (KXAN) - One-time Austin nightclub owner Mike Yassine was sentenced to three years in prison Friday and ordered to pay over $2.5 million in restitution to the Internal Revenue Service.
Yassine pleaded guilty to engaging in a tax fraud scheme using his Austin nightclubs in February.
He appeared before U.S. District Judge Sam Sparks, the same judge who sentenced him to 12 years in prison on money laundering charges in January, Yassine took the stand to admit his guilt to lying on tax documents.
Yassine admitted that in Oct. 2010, he provided a professional tax preparer with false information to be included in his 2009 federal income tax return.
According to court documents, the figures provided by Yassine understated by hundreds of thousands of dollars the actual gross receipts generated by his downtown nightclubs.
The three-year prison term is to be served immediately following Yassine's money laundering sentence.
For full coverage of the Yassine trial go to:
- Mike Yassine pleads guilty to lying on tax documents
- 2 Yassines found guilty in federal case
- The status of the case against Yassine business owners
- FBI: Cocaine ring linked to 6th St bars
- State seizes property at Yassine club
The first death in Travis County attributed to the H1N1 virus has been confirmed, according to Austin-Travis County Health and Human Services. A second death is being investigated.
A father surprised his son after returning from a year-long military tour in Afghanistan by presenting him with his award during his school's holiday show.
President Barack Obama has ordered federal aid to help state and local recovery efforts in areas of Central Texas hit with severe storms and flooding in late October.
When seconds count, Austin-Travis Co. EMS now has new high tech cardiac monitors that could save time and lives.
The decision to sentence a Fort Worth teenager to probation for the drunk driving accident which killed four people has touched a nerve with many in the legal community across the state and country.
Six charter schools across the state, including one in Austin, are being ordered to close their doors due to a history of underperformance.