Zeta Phi Beta Sorority IHQ Under Fire

[GangsterOfLove]

Originally posted by kddani
http://www.wjla.com/news/stories/0206/301191.html

Follow up story. Seems the feds are involved now

This is really unfortunate.

Thanks for the update, kddani.

[GangsterOfLove]

Originally posted by Rudey
Well in that case, my point is that there isn't a ton of payments being made across the country. 400K isn't something that you just don't see.

-Rudey

We get that point, fella. You just put your foot in your mouth by saying that ZPB didn't have ANY real estate to worry about.

[Rudey]

Originally posted by GangsterOfLove
We get that point, fella. You just put your foot in your mouth by saying that ZPB didn't have ANY real estate to worry about.

Hey dude you know so much about ZPB but you keep avoiding the question on what houses they own. You did say that.

-Rudey

[DGMarie]

Originally posted by GangsterOfLove
I don't see how even $500 dollars of questionable expenses in any non-profit could be missed, let alone in ZPB.

When I read the article again it doesn't seem that the money was missed at all. They had the woman on a five year plan to repay the money, so they knew about it. They were covering it up.

[GangsterOfLove]

Originally posted by DGMarie
When I read the article again it doesn't seem that the money was missed at all. They had the woman on a five year plan to repay the money, so they knew about it. They were covering it up.

Yes, it's obvious that they found out and tried to avoid making the information public.

I doubt that the entire exec board was aware of what the president was doing the whole time, though. Their financial officers had to be involved and must've helped cover it up for as long as they could. I would like to think that if the entire board noticed a few years ago, they would've nipped it in the bud right then.

[GangsterOfLove]

Originally posted by Rudey
Hey dude you know so much about ZPB but you keep avoiding the question on what houses they own. You did say that.

-Rudey

It's not that I know so much. You just know very little.

You mean my comment that some of their chapters have houses? It's true. If you want a listing, get it yourself. You're a funny guy. lol

[Rudey]

Originally posted by GangsterOfLove
It's not that I know so much. You just know very little.

You mean my comment that some of their chapters have houses? It's true. If you want a listing, get it yourself. You're a funny guy. lol

I mean your reference to their organization owning houses, not local chapters owning houses.

You're a funny guy.

-Rudey

[GangsterOfLove]

Originally posted by Rudey
I mean your reference to their organization owning houses, not local chapters owning houses.

You're a funny guy.

-Rudey

This is what I actually said, scholar.

Some of their chapters do have houses. And they own their international headquarters in DC.

I'll be happy to refer you to an adult literacy program, if you like. lmao

[Rudey]

Originally posted by GangsterOfLove
This is what I actually said, scholar.



I'll be happy to refer you to an adult literacy program, if you like. lmao

"What makes you think their organization doesn't own any real estate?" in response to a thread about their IHQ and a remark by me on their IHQ.

-Rudey
--You're brilliant

[GangsterOfLove]

Originally posted by Rudey
"What makes you think their organization doesn't own any real estate?" in response to a thread about their IHQ and a remark by me on their IHQ.

-Rudey
--You're brilliant

Denial is not a river in Africa. lol

It's hilarious that you're backtracking. Just put some tartar sauce on that foot that's lodged in your mouth. Maybe it'll go down easier.

[Rudey]

Originally posted by GangsterOfLove
Denial is not a river in Africa. lol

It's hilarious that you're backtracking. Just put some tartar sauce on that foot that's lodged in your mouth. Maybe it'll go down easier.

"What makes you think their organization doesn't own any real estate?" in response to a thread about their IHQ and a remark by me on their IHQ.

-Rudey
--You're brilliant

[Tom Earp]

To My Knowledge.

Houses of LXA Chapters are owned by Alum., House Corporations of said Chapters.

But, there are exceptions to this as it is by States Laws easier, to keep Chapters and Nationals out of Legal Manuveres in case of Risk Management.

My New House is financed by An Alum and Our Equaity is the Property that it is being built on.

LXA Has a Seperate Group that is called LCAP that has taken over Propertys to Rerent or even sell.

But if many of You dont actually realize, Most Nationals are cash poor. Expenses are extreme if You have any kind of Chapter Consultants or Office Staff.

Colonizing a New Chapter without a New House is @ $7,000-$8,000 Minimum.

If You try to put a new House in the Picture is out of the Square of going there.

And people think We just party and not run a Major Business.

I can not judge another GLO until all of the Facts are Presented.

It is like any other Group, there is the chance that someone has misused moneys.

[moe.ron]

Just wondering, shouldn't be there a yearly audit done by an independent firm?

[jubilance1922]

Originally posted by moe.ron
Just wondering, shouldn't be there a yearly audit done by an independent firm?

I think that would depend on if their governing documents required it, right?

[SapphireSphinx9]

oh my!

how horribly devastating this must be for the sisters! to know you put your trust into someone... oh man, my heart goes out to them.

it's good that benedict college is investigating, too.