Fri January 25, 2013
Former Nightclub Owners Sentenced to Federal Prison
Two of three brothers convicted in Austin of a federal money-laundering conspiracy have been sentenced.
Hussein Ali "Mike" Yassine was sentenced to more than 12 years in federal prison, while Hadi Yassine drew a 5 year prison term today. Prosecutors accused the two of using their nine downtown Austin bars to launder more than $200,000 in what they believed to be proceeds from drug trafficking.
Yassine Enterprises used to be Austin's biggest nightclub operator. Their portfolio of bars included Malaia, Treasure Island and Pure.