GreekChat.com Forums  

Go Back   GreekChat.com Forums > Greek Life

Greek Life This forum is for various discussion topics regarding greek life. If you are posting a non-greek related message, please do so in one of the General Chat Topic forums.


Register Now for FREE!
Join GreekChat.com, The Fraternity & Sorority Greek Chat Network. To sign up for your FREE account INSTANTLY fill out the form below!

Username: Password: Confirm Password: E-Mail: Confirm E-Mail:
 
Image Verification
Please enter the six letters or digits that appear in the image opposite.

  I agree to forum rules 

» GC Stats
Members: 307,507
Threads: 114,733
Posts: 2,158,383
Welcome to our newest member, DomingoM14
Reply
 
Thread Tools Display Modes
  #16  
Old 02-08-2006, 11:44 AM
kddani kddani is offline
GreekChat Member
 
Join Date: Jun 2002
Location: Babyville!!! Yay!!!
Posts: 10,672
Has anyone heard of an official statement from Zeta Phi Beta or any attorneys involved?
__________________
Yes, I will judge you for your tackiness.
Reply With Quote
  #17  
Old 02-08-2006, 11:46 AM
GangsterOfLove GangsterOfLove is offline
GreekChat Member
 
Join Date: Mar 2005
Location: A Groovy Place
Posts: 95
Quote:
Originally posted by JocelynC
Wait, how does the TV station know about this, but the IRS does not? You'd think if it were an issue, the IRS would be the first to catch it. The source is probably someone from inside the sorority, which is kind of sad.
It wasn't an issue with the IRS b/c they haven't filed taxes since 2002 (just b4 their current president took office). You have 3 years to file a tax return for any given year, although penalties can still be assessed for any money owed.

Since they haven't filed a return during their current president's administration, the IRS had no way of knowing what was going on. I'm sure that the IRS is going to be all over them soon, though.
Reply With Quote
  #18  
Old 02-08-2006, 11:49 AM
DSTCHAOS DSTCHAOS is offline
GreekChat Member
 
Join Date: Mar 2005
Location: Down the street
Posts: 9,805
Re: Re: Re: this is sad

Quote:
Originally posted by darling1
betrayal is probably one of many feelings had and rightly so. this is rough. i would really be surprised if any woman from the organization would make a comment particularly on a message board.
There were some comments made on the actual article. If they are still there.
__________________
Always my fav LL song. Sorry, T La Rock, LL killed it. http://www.youtube.com/watch?v=E5NCQ...eature=related
Pebbles and Babyface http://www.youtube.com/watch?v=Kl-paDdmVMU
Deele "Two Occasions" http://www.youtube.com/watch?v=ZUvaB...eature=related
Reply With Quote
  #19  
Old 02-08-2006, 11:49 AM
GangsterOfLove GangsterOfLove is offline
GreekChat Member
 
Join Date: Mar 2005
Location: A Groovy Place
Posts: 95
Quote:
Originally posted by Rudey
I thought this would be about a game show or maybe an MTV show.

Anyway, wouldn't 400K be a lot of money for an organization to just lose? If they don't have houses and real estate to worry about you would think that's something that wouldn't go unnoticed.

Also this is my favorite quote:

"Why would you buy wigs? I've never seen her in a wig. That makes me wonder who was benefitting from all of this. Who are the wig-wearers?"

-Rudey
What makes you think their organization doesn't own any real estate?
Reply With Quote
  #20  
Old 02-08-2006, 11:55 AM
NinjaPoodle NinjaPoodle is offline
Super Moderator
 
Join Date: Jul 2001
Location: On the beach. Well....not really but near it. :0)
Posts: 12,937
Re: Re: this is sad

Quote:
Originally posted by DSTCHAOS
I also agree that the ladies of Zeta will get through this with grace. That is evidenced by how they have generally remained silent on this matter.
Ditto
__________________
Sigma Gamma Rho Sorority, Inc. ** Greater Service, Greater Progress
Since 1922
Reply With Quote
  #21  
Old 02-08-2006, 12:01 PM
Rudey Rudey is offline
Banned
 
Join Date: May 2001
Location: Taking lessons at Cobra Kai Karate!
Posts: 14,939
Quote:
Originally posted by GangsterOfLove
What makes you think their organization doesn't own any real estate?
Are there ZPB houses on campuses across the country, let alone ones owned by their IHQ?

-Rudey
Reply With Quote
  #22  
Old 02-08-2006, 12:06 PM
GangsterOfLove GangsterOfLove is offline
GreekChat Member
 
Join Date: Mar 2005
Location: A Groovy Place
Posts: 95
Quote:
Originally posted by Rudey
Are there ZPB houses on campuses across the country, let alone ones owned by their IHQ?

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

Any other questions? lol
Reply With Quote
  #23  
Old 02-08-2006, 12:08 PM
DSTCHAOS DSTCHAOS is offline
GreekChat Member
 
Join Date: Mar 2005
Location: Down the street
Posts: 9,805
Quote:
Originally posted by Rudey
Are there ZPB houses on campuses across the country, let alone ones owned by their IHQ?

-Rudey
If there aren't, are sorority houses the only real estate a IHQ can own?
__________________
Always my fav LL song. Sorry, T La Rock, LL killed it. http://www.youtube.com/watch?v=E5NCQ...eature=related
Pebbles and Babyface http://www.youtube.com/watch?v=Kl-paDdmVMU
Deele "Two Occasions" http://www.youtube.com/watch?v=ZUvaB...eature=related
Reply With Quote
  #24  
Old 02-08-2006, 12:14 PM
Rudey Rudey is offline
Banned
 
Join Date: May 2001
Location: Taking lessons at Cobra Kai Karate!
Posts: 14,939
Quote:
Originally posted by GangsterOfLove
Some of their chapters do have houses. And they own their international headquarters in DC.

Any other questions? lol
Who owns those houses?

-Rudey
Reply With Quote
  #25  
Old 02-08-2006, 12:26 PM
jitterbug13 jitterbug13 is offline
GreekChat Member
 
Join Date: May 2005
Location: Fort Marshall, SC
Posts: 5,207
Send a message via AIM to jitterbug13 Send a message via Yahoo to jitterbug13
Re: Re: this is sad

Quote:
Originally posted by DSTCHAOS

I also agree that the ladies of Zeta will get through this with grace. That is evidenced by how they have generally remained silent on this matter.
Co-sign. (((Zetas)))

I did not know that their president lives in Columba and works for Benedict. My uncle graduated there in the 80s and is highly involved in alumni and recruiting future students. And this will not be good news for BC either, since they have been under a lot of scurtiny the last few years.

Also, the website could have taked off the caps on the story and had it not look like it came from a telepromp.
__________________
1913/1967

"I'd rather be hated for what I am than loved for what I'm not."--Kanye West

"Black is the new President."--Tracey Morgan
Reply With Quote
  #26  
Old 02-08-2006, 12:33 PM
DSTCHAOS DSTCHAOS is offline
GreekChat Member
 
Join Date: Mar 2005
Location: Down the street
Posts: 9,805
Re: Re: Re: this is sad

Quote:
Originally posted by jitterbug13
Also, the website could have taked off the caps on the story and had it not look like it came from a telepromp.
That is one of a few reasons why I was questioning the authenticity of the story. Until I watched the video.
__________________
Always my fav LL song. Sorry, T La Rock, LL killed it. http://www.youtube.com/watch?v=E5NCQ...eature=related
Pebbles and Babyface http://www.youtube.com/watch?v=Kl-paDdmVMU
Deele "Two Occasions" http://www.youtube.com/watch?v=ZUvaB...eature=related
Reply With Quote
  #27  
Old 02-08-2006, 02:47 PM
GangsterOfLove GangsterOfLove is offline
GreekChat Member
 
Join Date: Mar 2005
Location: A Groovy Place
Posts: 95
Quote:
Originally posted by Rudey
Who owns those houses?

-Rudey
I'm gonna let you figure that out, since this little exchange is about whether or not their organization owns any real estate. lol
Reply With Quote
  #28  
Old 02-08-2006, 02:50 PM
GangsterOfLove GangsterOfLove is offline
GreekChat Member
 
Join Date: Mar 2005
Location: A Groovy Place
Posts: 95
Quote:
Originally posted by DSTCHAOS
If there aren't, are sorority houses the only real estate a IHQ can own?
lol
Reply With Quote
  #29  
Old 02-08-2006, 02:55 PM
kddani kddani is offline
GreekChat Member
 
Join Date: Jun 2002
Location: Babyville!!! Yay!!!
Posts: 10,672
That website has a place for feedback on that article, and after reading what has been posted there, I can see that some members of Zeta Phi Beta are upset that this has become public. Others seem to be happy that it's being made public.

I can understand wanting to keep dirty laundry to yourselves. But this is more than just dirty laundry- it's a crime. It's also a public matter. Nonprofit organizations all undergo a great deal of scrutiny and are subject to very specific rules and regulations, by both the IRS and their state attorney generals. It goes along with the tax benefits. The accused, and anyone else who may have helped in the abuse of funds, was put in trust of the money. $400,000 is a LOT of money to a GLO.

If these allegations are true, and it seems like there's a lot of documentation, this may be an eye opener for all GLOs. Not only to have stricter regulations and policies for safeguarding the funds of the organization, but also to deter anyone else in a position of power in a GLO to think about doing something like this.

I'm sorry it had to happen to ZPhiB, and I feel for its members, but i'm glad that this is public. It is something that we should all be aware of.
__________________
Yes, I will judge you for your tackiness.
Reply With Quote
  #30  
Old 02-08-2006, 02:57 PM
Rudey Rudey is offline
Banned
 
Join Date: May 2001
Location: Taking lessons at Cobra Kai Karate!
Posts: 14,939
Quote:
Originally posted by GangsterOfLove
I'm gonna let you figure that out, since this little exchange is about whether or not their organization owns any real estate. lol
Answer the question since you know so much.

Most GLOs have local corporations that own houses, not the IHQ. Many GLOs rent. And I doubt that any of the D9 have as many houses as other types of GLOs to begin with.

So really is there a vast empire of real estate in their portfolios creating a complex web of financial transactions? You know so much about ZPB so I thought you would know.

-Rudey

Last edited by Rudey; 02-08-2006 at 03:03 PM.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off




All times are GMT -4. The time now is 12:03 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.