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Sigma Phi Epsilon said the closure was “not a result of any individual incident, but a response to newly discovered, ongoing behavior that includes incidents of hazing, underage drinking, alcohol abuse, and failure to comply with the university and fraternity’s codes of conduct.”
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It wasn't just about the incident with the three members defacing the statue. That opened the chapter up to more scrutiny resulting in the closure of the chapter. Lesson learned. Don't do something visibly stupid that brings down Nationals to dig around and find all your skeletons in the closet.