Wednesday, July 29, 2009

AKA president sued by fellow sorors

Interesting:
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.

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.
So has the Chicago-way infected the oldest black Greek lettered sorority in the nation?
•      •      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.

•      •      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.
Heh, I'm going to guess that the Chicago-way has infected that sorority.

1 comment:

Anonymous said...

damn. Maybe there's something in the loop that just changes folk ...

Post a Comment

Comments are now moderated because one random commenter chose to get comment happy. What doesn't get published is up to my discretion. Of course moderating policy is subject to change. Thanks!