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Risk Management - Hazing & etc. This forum covers Risk Management topics such as: Hazing, Alcohol Abuse/Awareness, Date Rape Awareness, Eating Disorder Prevention, Liability, etc.


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  #1  
Old 10-14-2017, 12:04 AM
JonInKC JonInKC is offline
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FAU Sigma Chi treasurer steals $18K from chapter

http://www.palmbeachpost.com/news/cr...7qwo0apMFfZ8K/

"Dalton became treasurer for Sigma Chi in May after the person formerly in that position stepped down, the report said. The former treasurer provided Dalton with a debit card that he was supposed to deactivate. Instead, Dalton used it and a second debit card to fraudulently withdraw $18,212.91, according to witnesses.

Dalton, a Boca Raton resident, admitted that he took the money to support his heroin addiction, but said he planned to pay it back, police said."


Heroin...so NF.
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Old 10-15-2017, 08:14 PM
Kevin Kevin is offline
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And this is why I hate debit cards.

The treasurer should be 1) bonded (if you're smart) and 2) at least not a signer on the bank account. Checks should all require the signature of the President and another designated officer. I'm sure most of our organizations have or used to have those safeguards, but even HQs are getting in the game of accepting credit/debit card payments from chapters.
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Old 10-15-2017, 11:09 PM
aephi alum aephi alum is offline
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Wow.

Back when I was an active, somewhere around the Mesozoic Era, GLOs didn't have debit cards. My chapter had a checking account, and all checks that the chapter cut had to be signed by both the president and the treasurer. No one could just waltz up to an ATM or a teller window and withdraw a pile of cash.
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Old 10-16-2017, 10:24 AM
naraht naraht is offline
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Back in the late 1980s, we had the requirement that they had to be signed by two out of three of the Chairman of the Advisory Committee, chapter President and chapter Treasurer.
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Old 10-16-2017, 10:51 PM
aephi alum aephi alum is offline
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^ OK, apparently I was an active in the late Mesozoic Era. Four signatures for one check?? I didn't think banks were even set up for printing checks with four signature lines. Two, yes; four, where would you fit all the signature lines on something as small as a check??

(Of course, we're in different lanes here.)

Then again, I remember the days when checks were printed with a date line that read ___________, 19__. Changes can be made.

#getoffmylawn
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Old 10-17-2017, 12:28 AM
naraht naraht is offline
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Originally Posted by aephi alum View Post
^ OK, apparently I was an active in the late Mesozoic Era. Four signatures for one check?? I didn't think banks were even set up for printing checks with four signature lines. Two, yes; four, where would you fit all the signature lines on something as small as a check??

(Of course, we're in different lanes here.)

Then again, I remember the days when checks were printed with a date line that read ___________, 19__. Changes can be made.

#getoffmylawn
Which of us above mentioned four signatures? I remember marking out 19 and replacing it with 20...
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Old 10-17-2017, 09:08 AM
LaneSig LaneSig is online now
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When I was chapter advisor, I had access to the accounts and would peruse them at least once a week (or every two weeks) to make sure there were no shenanigans with the money.

During homecoming season, the treasurer would go to the bank and buy gift cards with amounts on them. He would give these to the float chair so that the chair would be able to buy supplies without having to come and get a check or reimbursed every other day. However, the chair still had to account for all the purchases made with the gift card.

Side note: the brother in question apparently has a serious drug problem. I do hope that he is able to get help and overcome this issue. His stealing the money from the chapter is serious, but I hope he gets the help he needs.
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Old 10-17-2017, 09:21 PM
AGDee AGDee is offline
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Two signatures being required is pretty standard, even for other organizations I've been involved with (band boosters, scouts, Kiwanis). Debit cards are dangerous, albeit convenient when making large purchases.
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