See
http://www.mercurynews.com/breaking-...nclick_check=1
This kind of thing isn't an everyday occurrence, but it's certainly not unheard-of for an alum to embezzle funds. Sometimes I think the old "X-Files" motto needs to be followed when there's money involved: "Trust No One."
Edited to add:
A few more details are in another report at
http://www.recordnet.com/apps/pbcs.d...08/-1/A_NEWS07
Excerpts from the report linked immediately above:
. . . She fell under suspicion at a February meeting, when Lee refused to give detailed financial information of the sorority. Board president, Jayme McKown, called police.
Up to the morning when Lee was to hand over her accounting records to the forensic auditor, Lee was altering entries . . . .