DALLAS—A federal grand jury in Dallas has indicted Dallas Police Department Senior Corporal Theadora Ross and co-defendant Malva R. Delley each on one count of conspiracy to commit wire fraud in connection with the Dallas Crime Stoppers program, announced U.S. Attorney James T. Jacks of the Northern District of Texas. Ross, 50, of Rowlett, Texas, was arrested midday yesterday and appeared before U.S. Magistrate Judge Jeff Kaplan late in the afternoon. She was released on bond. Delley, 36, is a Dallas resident.
On the other hand, you can peddle worthless securities for years and collect billions in bonuses, and you can even double-dip when you “buy back” some of those securities and keep the money instead of crediting it to the investors (to whom it belongs), which looks an awful lot like raw theft, and at worst you get sued.
Even better, when you get sued, the bank you sue will try to keep the lawsuit from becoming public.
And you won’t get indicted.