Mike Yassine pleads guilty in tax case - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Mike Yassine pleads guilty in tax case

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Hussein Ali "Mike" Yassine, 40, pleaded guilty to engaging in a tax fraud scheme.

Yassine pleaded guilty to one count of procuring the preparation of a false Income Tax Return. By pleading guilty, Yassine admitted that in October 2010, he provided a professional tax preparer with false information to be included in Yassine's 2009 federal Income Tax Return.

Court documents state that figures provided by Yassine understated by hundreds of thousands of dollars the actual gross receipts generated by his downtown Austin night clubs-Spill, Qua, Kiss & Fly, Pure and Malaia- in 2009.

Yassine faces up to three years in federal prison and a $250,000 fine.

Yassine was recently sentenced to 151 months in federal prison after he was convicted of money laundering.

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