I am a ten letters word
The first four letters have the power to rule,
Next, four-letter can be eaten.
The next three-letter represents a lady.
I can fly as well
There are 2 cops parked along a one-way street looking for traffic violations. They spot a taxi driver going in the wrong direction, yet they do nothing.
In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki