Langan is the chief executive of RCI Hospitality Holdings, which includes the chain Rick's Cabaret as well as Tootsie's Cabaret in Miami, which advertises itself as the largest strip club in the world and once held the Christmas party for the LeBron-era Miami Heat. Some chains are larger than RCI, but it appears to be the only publicly traded strip-club company in the world, with a significant ownership stake from BlackRock and Vanguard.
A major strip club group bribed a state auditor - including with lap dances - to avoid paying more than $8 million in New York City sales taxes over the last 14 years, prosecutors charged Tuesday. The State Attorney General's Office unsealed a 79-count criminal indictment against the company, RCI, and five of its executives, accusing them of engaging in a naked, tax fraud scheme.