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flag RICK shares dropped after a 79-count indictment accused the company and executives of a tax fraud and bribery scheme spanning 2010–2024.

flag RCI Hospitality Holdings (RICK) shares fell after a 79-count indictment was filed by New York Attorney General Letitia James, charging the company, five executives, and three Manhattan strip clubs with a alleged multimillion-dollar tax fraud and bribery scheme from 2010 to 2024. flag Prosecutors say executives bribed a state tax auditor with cash, trips, and club entertainment to evade over $8 million in sales taxes, falsely recording the payments. flag The case, handled by the U.S. Department of Justice, highlights serious legal and financial risks for the company and its leadership.

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