A former top executive at one of the nation’s largest and most influential Black college fraternities pleaded guilty to stealing nearly $3 million from the 110-year-old organization.
Over his 30 year career with Kappa Alpha Psi, 59-year-old Curtis D. Anderson went from bookkeeper to finance director, but prosecutors alleged that Anderson began stealing from the fraternity in June 2012.
Anderson allegedly used checks he either made out to himself or others and forged signatures in exchange for cash.
The fraternity’s bank, Santander Bank, flagged the unusual transactions and informed the organization in 2018.
Anderson told investigators that he used the stolen funds to sustain his gambling habit.
Assistant U.S. Attorney Mary Crawley told the judge that
Anderson cashed 78 fraudulent checks at Santander Bank and another 40 at Wells Fargo Bank.
He pleaded guilty to four counts of wire fraud and one count of aggravated identity theft at a hearing on Tuesday. Anderson will be sentenced on Feb. 22, and he was allowed to stay free until then. He could be sentenced to a maximum of 82 years in prison and a fine of over $1 million.
