A reminder, as if one were needed, of the importance of careful controls over the use of funds for a chapter. Dual signatures, regular reviews of accounts, receipts and other documentation, etc. Yes, all those and more can be a pain, but treasurers, alumni advisors, and RM officers need to be concerned.
As always, of course, what's reported so far are accusations and charges. Please remember that the principle of the presumption of innocence applies.
Report is at:
http://www.lehighvalleylive.com/beth...ent_frate.html
Excerpts from article on regional news site:
A 21-year-old Moravian College student who is president of Delta Tau Delta fraternity, was accused today of stealing $8,200 from the fraternity's philanthropy fund.
Jason P. Cote, 21, of Fitchburg, Mass., siphoned the money into his personal bank account . . . and spent it, according to court papers.
The [philanthropy fund] bankrolls the fraternity's . . . Cpt. Chris Seifert Memorial Golf Tournament which raises money for Seifert's son's college fund. Seifert, an Army captain, and founding father of the Moravian Delta Tau Delta chapter, was killed in Kuwait in 2003.
Fraternity vice president Rey Benschop confirmed that Cote was accused of stealing the funds . . . .
Court papers did not disclose how Cote allegedly stole the money, why, or how he spent it. . . .
Some NBC Philadelphia coverage has a few more tangential details:
http://www.nbcphiladelphia.com/news/...erans-Son.html
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