AUSTIN -- The U.S. Department of Justice says Mike Yassine, one of three brothers involved in a money laundering scandal involving several Austin nightclubs, has entered a guilty plea to tax charges.
A press release said Wednesday that Yassine pleaded guilty to "engaging in a tax fraud scheme using his Austin nightclubs." The release states that Mike gave false information when filing his 2009 federal income tax return and didn't include hundreds of thousands of dollars that his family's company, Yassine Enterprises, made.
He now faces up to three years in federal prison and up to $250,000 in fines.
Last month a U.S. district judge sentenced Mike Yassine to 151 months, more than 12 years, in federal prison for money laundering. His brother, Hadi Yassine, was sentenced to 60 months, or five years. Both will be deported when their sentences are over.
A third brother, Steve, was found not guilty of money laundering charges. He pleaded guilty to drug charges a short time later, and was sentenced to a year and one day in prison. He will then be deported as well.
Federal agents raided the brothers' downtown clubs and bars last spring, including Kiss 'N Fly, Pure and Treasure Island. A jury found the brothers guilty of using their businesses to launder at least $200,000 from narcotics trafficking.