RCI Hospitality falls after co, execs indicted for tax fraud

RCI Hospitality Holdings

16/09/2025 22:23

** Shares of RCI Hospitality RICK.O down over 10% at ~$26 in extended trading

** Co and five of its executives, including the CEO, have been indicted over their alleged roles in a tax fraud and bribery scheme

** RCI executives bribed a former auditor with New York's Department of Taxation and Finance to avoid paying more than $8 million of sales tax from 2010 to 2024

** As of last close, shares were down 40.28% YTD

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))