Wednesday, July 29, 2009

AKA president sued by fellow sorors

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 ...

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