Update: Phi Kappa Theta removed the charter of the U. of Kansas (KU) chapter on Sat., April 2, 2005, according to the
University Daily Kansan:
http://www.kansan.com/stories/2005/a...ws_campus_pkt/
Edited to add: The president of the (former) chapter is quoted --
He said he wanted other fraternities to look at Phi Kappa Theta’s situation as an example.
“We hope this shows to a lot of fraternities that maybe it’s time to re-evaluate how their chapter is ran,” he said. “This should definitely be a wake-up call to fraternities to take risk management seriously.”