Rick Rizzolo was the owner of the Las Vegas-based strip club Crazy Horse Too. He took over the operations of the club from his father, Bart Rizzolo, who had purchased it from Mob member Tony Albanese in 1984. Rick Rizzolo became the majority owner of the club by 1986.
Authorities began investigating Crazy Horse Too in 1995 after a spate of violent crimes and suspected illegal activity over several years.
In 2001, tourist Kirk Henry filed a lawsuit against Crazy Horse Too after suffering a broken neck while visiting the club.
The resulting investigation led to a criminal Racketeer Influenced and Corrupt Organization (RICO) investigation in 2001 and a criminal investigation by the FBI in 2002.
In 2003, Crazy Horse Too was raided by government officials, including the FBI, DEA, Las Vegas Police, and two SWAT teams.
Rick Rizzolo and 16 other club officials pleaded guilty to a single felony charge of conspiracy to defraud the United States as part of a plea bargain.
Rick Rizzolo was required to pay $17 million in fines and $10 million to tourist Nick Henry. He was also required to sell Crazy Horse Too within one year but failed to do so.
In 2007, the club was seized by the United States Marshals Service and later auctioned by the federal government. Rick Rizzolo also ran into trouble with the law on numerous occasions following his release from prison in 2008, including being indicted for tax evasion in 2014 and being sentenced to two years in federal prison in 2017.
Today, Rick Rizzolo is believed to be living a much quieter life. He had been working as a management and senior sales consultant for an import company in Nevada before being sentenced to federal prison in 2017.
Rick Rizzolo Net Worth
Rick Rizzolo had a net worth of $30 million at the time of his arrest in 2014. He was required to sell Crazy Horse Too within one year to pay $17 million in fines and $10 million to tourist Nick Henry as part of his plea bargain but he failed to do so.