Improper Sale of an Airplane?

So without going into to much detail. My business partner and I were airport admin/ Operations at the airfield where the aircraft was located. A fellow co worker reported him and I for violating conflict of intrest rules. I think it's more moral than legal at this point but I really don't know why they would throw the word legal around. No one is taking any legal action. But they want to pass all of this along to law enforcement for them to investigate further. No fowl play. Nothing of that nature. It's all very confusing.
Is there a victim?
 
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