On December 22, 1974, Rick Ross and Jeffrey Ward Nuzum attempted to commit
a burglary by kicking in the door to a building in Phoenix. They were caught in the act
by the Phoenix police and were arrested. Ross was 22 years old at the time and was
employed as a bill collector for the American Credit Bureau. He plead guilty to a charge
of Conspiracy and was sentenced to 10 days in jail and placed on probation for a period
of one year.
On July 23, 1975, at 11:00 p.m., Rick Ross robbed Kay-Bee Enterprises, a
jewelry store located in the Broadway department store at Biltmore Fashion Park in
Phoenix, Arizona. Ross made off with approximately $50,000 worth of diamonds and
"precious paraphernalia" by presenting the clerk at the store with a note demanding the
diamonds be placed in a box or Ross would detonate a bomb that he had brought into
the store with him. The clerk, Daniel Schroeder, told police that he had followed the
robber's instructions and that while the jewelry was valued at $50,000, its retail value
was approximately $100,000.
It was later discovered that Ross and Schroeder together had in fact set up the
robbery and that they had later split the stolen property. Ross and Schroeder both
confessed to the crime after police overheard their conversations in which they bragged
about having pulled off the heist.
Ross eventually confessed to the police that he had been discussing this crime
with Schroeder for three months prior to the robbery and that during this time, he had
associated with many criminals. Ross admitted that previous to the jewelry store
robbery, he had bought and used stolen credit cards and had also stolen furniture and
appliances from model homes. Ross and Schroeder were arrested and charged with the crime of Grand Theft by Embezzlement for the jewelry store heist.
Ross' probation from his previous arrest was revoked on July 29, 1975, for failing
to conduct himself as a law-abiding citizen. Ross admitted to this violation of his
probation in open court on November 17, 1975. His probation was then extended to
In a plea agreement, on April 2, 1976, Ross was found guilty of Conspiracy, 2nd
Degree, to Commit Grand Theft, a felony, and was sentenced to four years probation
and a fine of $1,100.