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RCI Hospitality Holdings (RICK) Stock Slides On Executive Indictments: What Investors Need To Know

Shares of RCI Hospitality Holdings Inc RICK are trading lower Tuesday afternoon following a 79-count indictment against the company, five of its executives and three of its Manhattan strip clubs. Here’s what investors need to know.See what is happening with RICK stock here.What To Know: New York Attorney General Letitia James announced the charges Tuesday afternoon, stemming from an alleged multimillion-dollar tax fraud and bribery scheme.Prosecutors allege that from 2010 to 2024, RCI executives bribed a Ne ...