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Police investigating $90,000 theft from college fraternity

As the month of July draws to a close, anticipation begins of a new football season at Penn State University. This will be the first since the Jerry Sandusky scandal cast a shadow over the football program and spawned an exodus of talent just before the 2012 season began. 

Nevertheless, police in Beaver County are investigating another potentially high-profile crime; this time dealing with significant financial assets that have gone missing. 

According to a Philly.com report, the fraternity Theta Delta Chi reported that nearly $90,000 has gone missing from its bank account. State College Police have launched an investigation and have so far found numerous cash withdrawals from the fraternity's account between August 2011 and December 2012 amounting to $57,000. Police say that these withdrawals are suspicious, as were debit card withdrawals within the same time frame that totalled $30,000.

As of today, no one has been charged with a crime, and the fraternity has not released any further details on the situation. However, it would not be surprising if someone was eventually charged with embezzlement. A person who is entrusted with property (such as an agent or employee of an organization) and converts it to his or her own use without permission, he or she can be charged with embezzlement. 

This crime is common charged as a felony in Pennsylvania, which carries the possibility of prison time, in addition to restitution. Indeed, there are a number of facts that will come out as the investigation (and subsequent prosecution) takes place. 

Source: Philly.com, Police: Nearly $90k missing at Penn State frat, July 25, 2013

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