Update --Testimony from Mo Yassine continued through the day Wednesday, and he is expected to remain under oath until well into Thursday.
Wednesday afternoon, the jury was able to listen to some of the recorded conversations between the informant and defendants which painted a better picture of how the allegations of money laundering all happened.
Recorded audio conversations reveal Steve Yassine setting up meetings for FBI mole, Mo Yassine, to meet with Mike Yassine. At Mike’s office the jury heard Mike accepting cash and trading it for signed business checks. Hadi Yassine was present for at least one of the exchanges.
Wednesday’s testimony revealed the money-laundering deals all went down on the following dates at the office of the Yassine Enterprises on Fourth Street in downtown Austin:
• Sept, 19, 2008 for $6,500
• Oct. 10, 2008 for $8,700
• April 30, 2009 for $100,000
• June 24, 2009 for $100,00
For the first time during the past three days, the court also heard the name of other defendants in the case including Karim Faiq, Nizar Hakiki, Marisse Marthe Ruales and Alex Melendez—who the feds say are all key players in the downtown money-laundering ring.
YNN: Yassine recordings piece government’s case together
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Earlier -- Day three of testimony is underway in the federal trial for the three Yassine brothers --Mike, Hadi and Steve -- who are accused organizing a money-laundering ring through several downtown night clubs, including Treasure Island, Spill and Hyde.
Cousin to the brothers, Mohammed “Mo” Yassine, took the stand shortly after 8:30 a.m. Wednesday. Mo Yassine is the government’s key witness who served as the FBI’s informant and window to the dealings of Yassine Enterprises.
Under government watch, Mo Yassine acted as a cocaine dealer for the brothers. He testified that he transported as much as four kilograms of cocaine from Texas to Colorado, providing evidence to the federal government that Yassine Enterprises was not just a cluster of downtown hot spots, but rather a front for illegal activity.
It was revealed in court earlier this week that Mo Yassine has earned $344,000 for his work as an informant to the FBI.