Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. to recover losses incurred by shareholders due to alleged securities fraud between December 15, 2021, and September 16, 2025 [2][3]. Group 1: Lawsuit Details - The complaint alleges that the defendants engaged in tax fraud and bribery to conceal this fraud, resulting in an understatement of the legal risks facing the company [3]. - It is claimed that the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading, lacking a reasonable basis at all relevant times [3]. Group 2: Next Steps for Shareholders - Shareholders who suffered losses during the specified timeframe, even if they still hold their shares, are encouraged to learn about their rights to seek recovery [4]. Group 3: Legal Firm Background - Levi & Korsinsky LLP has a strong reputation in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [5].

Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging securities fraud affecting investors between December 15, 2021, and September 16, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants engaged in tax fraud and bribery to conceal this fraud, leading to an understatement of the legal risks faced by the company [3]. - It is alleged that the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 20, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].

Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging securities fraud affecting investors between December 15, 2021, and September 16, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants engaged in tax fraud and bribery to conceal this fraud, leading to an understatement of the legal risks faced by the company [3]. - It is alleged that the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 20, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].

Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging securities fraud affecting investors between December 15, 2021, and September 16, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants engaged in tax fraud and bribery to conceal this fraud, leading to an understatement of the legal risks faced by the company [3]. - It is alleged that the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 20, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].

Core Points - A company, RCI Hospitality Holdings, and several of its executives have been charged with bribing a government official to evade over $8 million in sales taxes owed to New York City and the state of New York [1][2][9] - The alleged bribery scheme involved providing free trips and spending money to a New York state tax auditor from 2010 to 2024, in exchange for favorable treatment during tax audits [2][8] - A grand jury indictment has been unsealed, charging RCI, five executives, and three clubs in Manhattan with conspiracy, bribery, tax fraud, and other crimes [3][4] Company Overview - RCI Hospitality Holdings is publicly traded on the Nasdaq and operates over 60 clubs, sports bars, and restaurants across the United States, including multiple Rick's Cabaret locations in major cities [3] - The company also owns two additional businesses in Manhattan [3] Legal Proceedings - The indictment includes 79 counts against RCI and its executives, with specific allegations that they used their clubs to facilitate bribery to avoid tax liabilities [3][4] - RCI's legal representation has stated that the allegations are baseless and that the company intends to contest the charges in court [5][6] Allegations of Bribery - Prosecutors allege that RCI provided the auditor with at least 13 complimentary trips to Florida and up to $5,000 per day for private dances at RCI clubs, covering additional expenses such as hotels and restaurants [8] - The company is accused of failing to pay over $8 million in sales taxes related to "dance dollars," which are purchased by customers for private dances, and of receiving significantly reduced tax liabilities due to the alleged bribery [9]

Core Insights - The article highlights a significant crackdown on a smuggling network in Central Europe, centered around the Piraeus port in Greece, leading to the largest tax fraud case in EU history, amounting to €700 million [2][4]. Group 1: Smuggling Network and Operations - The smuggling operation involved mislabeling high-value electric bicycles as low-tax components, resulting in an 80% reduction in declared value [4]. - The criminal group utilized Bulgarian shell companies to apply for Greek VAT numbers and fabricated transaction records to evade taxes [4]. - Systemic corruption was revealed, with two Greek customs officials arrested and €4.5 million in cash found in customs offices [4]. Group 2: Regulatory Response and Impact - The EU is implementing a comprehensive regulatory framework to combat smuggling, including the use of AI systems for real-time monitoring of transactions on major e-commerce platforms [4][6]. - New regulations have led to a significant increase in operational costs for freight forwarding companies, with a 42% rise in compliance costs due to enhanced due diligence requirements [6][7]. - The time for document review has increased from 2 hours to 8 hours, causing a paralysis in the freight forwarding industry [6]. Group 3: Market Shifts and Adaptation - The crackdown has led to a surge in inquiries for the China-Europe Railway Express, with a 210% increase in demand for routes like Xi'an to Munich [9]. - Companies are adapting by utilizing new trade models, such as the 1039 market procurement trade model, which allows for VAT exemptions on shipments under $150,000 [9][11]. - Major logistics firms are offering compliance packages to help businesses navigate the new regulations, with some reporting a 40% increase in orders due to their established compliance practices [9][11].

Core Viewpoint - The Romanian government is set to implement measures aimed at combating tax fraud [1] Group 1 - The Prime Minister of Romania announced the intention to take action against tax fraud [1]