Strip Club Issuer Charged With Bribing Tax Official With Lap Dances (Among Other Things)
RCI Hospitality Holdings Inc. is a publicly traded Texas corporation with shares traded on the NASDAQ exchange. Through its subsidiaries, RCI owns and operates more than 60 strip clubs and restaurants throughout the U.S. including
three located in New York.
As an issuer, RCI is subject to the FCPA including the books and records and internal controls provisions.
The books and records provisions generally require issuers to “make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer.”