Former Austin night club owner Mike Yassine gets 3 years in prison, ordered to pay IRS $2.5 million

[TexasTowelie]

Former Austin nightclub owner Hussein Ali “Mike” Yassine was sentenced this morning to three years in federal prison for tax fraud.

U.S. District Judge Sam Sparks also ordered Yassine to pay the Internal Revenue Service more than $2.5 million in restitution.

The prison sentence will be served consecutively with a 151-month sentence Yassine was given last year for his role in an elaborate criminal operation that involved drug and weapons trafficking, as well as money laundering.

In the tax fraud case, the federal government accused Yassine, head of Yassine Enterprises, which operated nine downtown Austin nightclubs, of grossly understating the bars’ revenue on his 2008, 2009 and 2010 tax returns.

Source: http://www.statesman.com/news/news/mike-yassine-gets-3-years-in-prison-ordered-to-pay/nZwfb/

Related threads:

FBI investigating Yassine Enterprises' businesses (Austin club owner) - updated 3/27
http://www.democraticunderground.com/10781966

APD connects Mike Yassine unsolved Austin murder (night club owner)--updated 3/29
http://www.democraticunderground.com/10782095

Closed clubs leave downtown void--Yassine Enterprises under federal investigation
http://www.democraticunderground.com/10782140

Mike Yassine, Marisse Ruales accused of case tampering
http://www.democraticunderground.com/10782182

State seizes assets from Yassine Enterprises bars (Austin club-owner)
http://www.democraticunderground.com/10782446

Suspect in nightclub drug ring fails to show for court, warrant issued (Yassine Enterprises case)
http://www.democraticunderground.com/10782522

Judge sentences 2 Yassine brothers (Austin) to time in federal prison (updated 2/7/13)
http://www.democraticunderground.com/10785578

[Eleanors38]

1. The Yassine outfit yielded up 10 properties in Austin's "entertainment district"...

...which were absorbed by new businesses faster than water evaporates on a hot skillet. Don't go down to that area much: Fort Lauderdale wanabes and "point 'em out, punch 'em out" crap. It was much more peaceful during the punk-rock era.

[Javaman]

4. +1 nt

No more private owners. No original music in that area other than college crap rock.

It was much more peaceful back then.

[Paladin]

2. More indication of Austin sliding into the "big time."

I grew up there, but I barely recognize it, any more.....

[Javaman]

5. the adult disney-fied of 6th street

crap rock with college shot bars mixed in with tattoo parlors for the co-eds that want to be "daring", sprinkled generously with mystery over priced fried foods and you have a money sucking drunken experience with nothing left over to remember.

[Paladin]

6. Not my scene, for sure.

If it weren't for some old school friends and a couple of relatives, I'd be happy to avoid Austin for the rest of my life.

[gopiscrap]

3. yikes