Members of a prominent Chicago-based sorority are suing to oust their national president -- former Chicago Housing Authority comptroller Barbara McKinzie -- saying she misappropriated funds and commissioned a $900,000 wax figure of herself.So has the Chicago-way infected the oldest black Greek lettered sorority in the nation?
She also is accused of taking nearly $400,000 for personal expenses and arranging for a $4,000 monthly stipend to be paid to herself after she leaves office.
McKinzie, Alpha Kappa Alpha Sorority and its current and some former board of directors members are targeted in a lawsuit filed by eight sorority members last month.
• • AKA directors violated the group's rules when they approved a four-year "pension stipend" for a total of nearly $192,000. They also purchased a $1 million life insurance policy for McKinzie.Heh, I'm going to guess that the Chicago-way has infected that sorority.
• • McKinzie used the group's American Express card to buy designer clothing, lingerie and jewelry, then redeemed points racked up on the card to get a 46-inch HDTV, gym equipment and other items for personal use.
• • The president started a campaign to raise $100 million for an endowment fund to be run by her management firm -- BMC Associates.