Since you served you probably know the term. "Different spanks for different ranks."
Depending on the severity of what was stolen the Colonel could possibly survive and retire, but probably with a demotion to the last highest rank he served with distinction. The Majors are on the edge of getting the boot or Levenworth, again, depending on what was stolen and how far they got with the prostitutes.
A Punitive Separation for a US Military Officers is called: “Dismissal From Service.” For Enlisted Members, Punitive Separations are: 1. a Bad Conduct Discharge (result of a Special Court-martial), and 2. a Dishonorable Discharge (result of a General Court-martial).
I expect that the General will not call for resignations, that hurts the families of these idiots. He’ll want to get a pound of flesh from these guys and send a clear message, in my humble opinion. The Colonel will probably submit for retirement as soon as the legal matters are dealt with while the Majors will flounder at some desk job until they reach twenty years of service. I could be wrong.