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RCI Executives Indicted for $8M Tax Fraud, Bribery

9/19/2025

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Summary

Story summary

RCI Hospitality Holdings executives, including CEO Eric Langan and CFO Bradley Chhay, face a 79-count indictment for bribery and tax fraud, allegedly evading over $8 million in taxes.
Charges involve bribing a state tax auditor and include lavish trips and falsified records to influence audits.
Attorney General Letitia James criticized the executives for using strip clubs to evade taxes.
If convicted, Langan, Winata, and Anakar could face 8 1/3 to 25 years in prison.
Following the indictment announcement, RCI's stock dropped over 23%.

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Story summary

RCI Hospitality Holdings executives, including CEO Eric Langan and CFO Bradley Chhay, face a 79-count indictment for bribery and tax fraud, allegedly evading over $8 million in taxes.
Charges involve bribing a state tax auditor and include lavish trips and falsified records to influence audits.
Attorney General Letitia James criticized the executives for using strip clubs to evade taxes.
If convicted, Langan, Winata, and Anakar could face 8 1/3 to 25 years in prison.
Following the indictment announcement, RCI's stock dropped over 23%.