Kirksville man sentenced for embezzling over $380,000 from MU fraternity

2 years 8 months 2 days ago Tuesday, January 23 2018 Jan 23, 2018 Tuesday, January 23, 2018 11:15:00 AM CST January 23, 2018 in News
By: Monica Dunn KOMU 8 Digital Producer

JEFFERSON CITY- A Kirksville man was sentenced Monday for stealing more than $380,502 from MU fraternity Sigma Alpha Epsilon. 

Burt Louis Beard, 63, of Kirksville, was sentenced by a federal judge to two years in federal prison without parole. The court also ordered Beard to pay $380,502 in restitution, according to a press release from the Office of the United States Attorney Western District of Missouri.

Beard admitted to defrauding the fraternity between March 2008 and August 2014 During this time, Beard was serving as a volunteer treasurer. He was financially responsible for the fraternity house and paying vendors on behalf of the fraternity.

Beard wrote 150 checks to himself claiming they were reimbursement for direct payments he made to various fake vendors or vendors the fraternity were not using, according to the press release.

In the fall of 2014, SAE elected new officers for the fraternity. During this transition, the new treasurer noticed warning signs of fraud. SAE hired RGL Forensics to investigate.

According to a Kansas City Star article, SAE National Headquarters ordered the MU chapter to stop operations in December for investigations on reports of health and safety violations.

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