WASHINGTON — Navy Secretary Richard Spencer has issued letters of censure to a retired rear admiral and two other officers found to have accepted inappropriate gifts and maintained unethical relationships with “Fat” Leonard Francis, the central figure in a widespread fraud investigation.

The censures – formal, permanent acknowledgements of wrongdoing – were issued last week to retired Rear Adm. Richard Wren, retired Capt. Timothy Conroy and Capt. Charles Johnson, the Navy announced Wednesday in a statement. The letters do not impact retirement benefits or pay for the officers reprimanded.

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Why doesn’t it impact pay or retirement benefits?  Why aren’t there criminal penalties?

Argh!