Thu Mar 22, 2012, 09:08 PM
TexasTowelie (11,990 posts)
FBI investigating Yassine Enterprises' businesses (Austin club owner) - updated 3/27
Last edited Tue Mar 27, 2012, 03:04 PM - Edit history (2)
AUSTIN -- Federal agents executed a search warrant on Treasure Island bar near East 6th Street and Neches Thursday morning.
The IRS, TABC, FBI, and Texas Comptroller's Office are all involved in the investigation that centers around cocaine and cash.
Venues managed by Yassine Enterprises according to its website are: Hyde, Kiss and Fly, Roial, Pure, Malaia, Spill, Fuel, Treasure Island, and Stack Burger Bar.
Federal agents say the businesses are being investigated for money laundering, distribution, and conspiracy.
A story about this Yassine appeared on KVUE in January after more than 200 people joined a class action lawsuit against the business for failing to pay employee wages.
AUSTIN -- More than 200 people could join a class action lawsuit against the owner of several Austin nightclubs.
Some current and former employees of eight downtown Austin nightclubs owned by Yassine Enterprises claim the company didn't pay them a dime. A former employee of Roial filed the lawuit and is being represented by Dan Byrne.
In Texas, bartenders, waiters and waitresses can make the minimum wage of $7.25 an hour or agree to a wage of $2.13 an hour plus tips. That's what the former employee of Roial thought he was earning during his several months at the club.
"When his employment ended, he went in to the human resource person and made an inquiry, 'Where is my paycheck?" said Dan Byrne, the attorney representing the claimants in the class action lawsuit. "He was told, 'We do not issue paychecks.'"
The update from the Austin American-Statesman:
Nightclub owner, 9 associates due in court today
Austin nightclub owner Hussein Ali “Mike” Yassine and nine other people arrested last week and charged with taking part in a drug ring will appear in federal court this morning for a detention hearing.
Judge Dennis Green could set bond for the 10 suspects or order that they remain in custody. They face a variety of charges, including distributing cocaine, transferring firearms used to commit drug trafficking and money laundering.
Mike Yassine’s company, Yassine Enterprises, owns eight Austin bars: Pure, Spill, Kiss & Fly, Treasure Island, Hyde, Fuel, Malaia and Roial. They’ve remained closed since Thursday’s arrests.
Yassine Enterprises is also part owner of Stack Burger Bar, which is still open for business.
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FBI investigating Yassine Enterprises' businesses (Austin club owner) - updated 3/27 (Original post)
|Ian David||Mar 2012||#1|
Response to TexasTowelie (Original post)
Tue Mar 27, 2012, 03:10 PM
TexasTowelie (11,990 posts)
3. And another update.
A federal judge denied bail today for Austin nightclub owner Hussein Ali “Mike” Yassine and his brother, Mohammed Ali “Steve” Yassine.
They will remain in federal custody, officials said.
Bail for four others ranges from $10,000 to $25,000, while rulings on the fates of four suspects — Karim Faiq, Alejandro “Cueta” Melendrez, Edgar Orsini and Nizar “Nino” Hakiki — will be made at a later date.
“Authorities believe that they used several business establishments located in downtown Austin to launder over $200,000 in cash, which they believed to be the proceeds of narcotics trafficking,” the U.S. attorney’s office said in a statement last week.