Twin Liquors Faces $500,000 Fine, Is Cutting Back Wholesale OperationsJuly 21, 2014
Austin, Texas-based Twin Liquors is facing a potential $500,000 fine by the Texas Alcoholic Beverage Commission over an investigation that began in April 2013, the Austin American Statesman reported. Several locations could also have their licenses that permit sales to on-premise venues suspended or canceled, including outlets in Austin, San Antonio, Cedar Park, Killeen, Lakeway and Wimberley.
A statement issued by the company says: “The problems identified by TABC and that we at Twin Liquors have now settled arose under former management. Twin Liquors is now in good standing with TABC.” The statement also said the company has agreed to end wholesale operations in 10 of its 75 retail stores throughout the state.
All Twin Liquors stores in the meantime will remain open to consumers.
Agents from several federal and state agencies—such as TABC, the FBI and the IRS—searched the company’s headquarters in Austin in April 2013. A lawsuit filed by the company against TABC earlier this year indicated that the investigation is focused on potential dealings Twin may have had with now-defunct nightclub operator Yassine Enterprises—linked to drugs, weapons and money laundering charges in 2012.
David Jabour is Twin Liquors’ current president, with sister Margaret Jabour serving as executive vice president. The Jabour family has owned Twin Liquors since the 1930s.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Austin American Statesman, FBI, IRS, Texas Alcoholic Beverage Commission, Twin Liquors, Yassine Enterprises
GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.