RCI Hospitality Holdings Inc. Indicted in New York for Alleged Sales Tax Evasion and Bribery, Denies Charges
RCI Hospitality Holdings Inc. (Nasdaq: RICK) has announced that it, along with two executives, three employees, and three clubs, has been indicted in New York on state charges related to the non-payment of sales taxes and the alleged bribery of a state sales tax auditor. The company, represented by attorney Daniel J. Horwitz, strongly denies the allegations, emphasizing that no executive or employee personally benefited from the alleged activities. RCI describes the charges as overreaching and baseless, expressing disappointment with the New York Attorney General's decision to proceed with the indictment. The company asserts its commitment to defending against the charges while continuing operations at its New York City clubs. RCI had previously informed about the investigation in its SEC filings and maintains its policy of paying all legitimate taxes.
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