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RCI Hospitality Faces Investor Lawsuit Over Tax Fraud Allegations
RCI Hospitality Faces Investor Lawsuit Over Tax Fraud Allegations
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BTCCSquare news:
Strip club operator RCI Hospitality Holdings (RICK) is embroiled in legal turmoil as investors file a class action lawsuit following tax fraud charges by New York prosecutors. The suit alleges executives concealed bribery schemes tied to tax evasion, causing investor losses when the truth emerged.
Rosen Law Firm claims RCI misrepresented operational risks between December 2021 and September 2025. The indictment follows an $8 million tax fraud charge against five executives and three Manhattan venues, including Rick's Cabaret. Market observers note the case highlights growing scrutiny of hospitality sector financial practices.
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