Mizzou SAE Gets Burned For 400 Large After Outsourcing Treasurer Position To Corrupt Old Man

ItalianStallion8 years ago

Other than the now infamous poop swastika and the most promising-turned-heartbreaking 2 minutes of basketball ever played by one Michael Porter Jr., the University of Missouri seems like a pretty harmless place devoid of much excitement. But au contraire, my friends. Over the last six years, Mizzou Greek life has had their own version of Bernie Madoff.

From KOMU:

A Kirksville man was sentenced Monday for stealing more than $380,502 from MU fraternity Sigma Alpha Epsilon. 
Burt Louis Beard, 63, of Kirksville, was sentenced by a federal judge to two years in federal prison without parole. The court also ordered Beard to pay $380,502 in restitution, according to a press release from the Office of the United States Attorney Western District of Missouri.

It’s always the old guys you have to worry about. Only fraternities could be so irresponsible with money they didn’t notice a cool 400 grand missing.

I’m not sure what this guy did with the money, but how the hell did he get involved with SAE in the first place?

Beard admitted to defrauding the fraternity between March 2008 and August 2014 During this time, Beard was serving as a volunteer treasurer.

So this 63-year-old rando came out of the woodwork, and SAE was just like “take all of our money, good sir?” I know finding someone to willingly accept the worst position in the chapter is no picnic, but that’s not something you outsource.

Mizzou SAE clearly had a plethora of problems as nationals shut down their chapter in December as for “health and safety violations.” That 400 large might have solved those issues but we’ll never know.

Side note: If your fraternity needs a treasurer to manage six figs that you really don’t pay attention to, I’d gladly offer up my money managing services..

[via KOMU]