Dallas, TX – Reginald Jones, a Dallas police officer who was arrested in October, is now officially indicted on charges of organizing a pyramid scheme, local authorities confirmed.
According to the court records, Jones is accused of operating what he called a “blessing circle” an operation where he would ask participants to pay money upfront while promising them they will earn a lot more money if they bring new people to the whole operation.
Russell Wilson, a criminal defense attorney who is not associated with the case, explained it as textbook pyramid scheme that would eventually give out.
“There’s a theme. So here, the theme is you are receiving blessings,” Wilson said. “And in order to receive a blessing, you have to give a blessing. But you receive your blessing four- or five-times fold. So, if you put in $100, later on when you are blessed, you may get $500.”
Until the moment Jones was arrested in October, he managed to recruit a total of 159 participants and transferred $48,000 in his well-organized scheme.
The details presented indicate that at least 10-20 people that took part in Jones scheme were his colleagues at the South Central Patrol Division in Oak Cliff.
Since Jones was arrested, all of his colleagues involved in the scheme were placed on administrative leave until the investigation was underway.
Dallas police reserve officer Brad Deason and civilian employee Sonja Davis have also been indicted.
Once more details are available, we will update the case.