Remember when Michael Scott "declared" bankruptcy?

A grand jury made the decision. It's a longer process.

Another fun bit, they're federal charges. Which 97% of the time lead to convictions. Feds don't fuck around, they don't leave much room for error. Now the question is whether he spends time behind bars. 37 counts on the indictment is a lot and I hope he rots in jail.

Indicted means a grand jury filed charges. Not just "accused" like "I accused you of steeling my lunch money".

But like, formally charged by a grand jury in a court of law.

Well, uh, the formality? :)

The accuses so far have only been discussed in the media, now it becomes somewhat real. Now, he might get consequences, mere discussions/speculations don't do that. Especially for a guy who just couldn't care less about integrity.