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.
Among the allegations:
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(bytch quit lying) 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.
McKinzie denied any wrongdoing Tuesday, saying the lawsuit was backlash to “enforced stringent financial standards as part of a professionalization of our organization.”
Founded at Howard University, AKA is the oldest predominantly black Greek-lettered sorority.
Members have included civil rights icons Rosa Parks and Coretta Scott King; former first lady Eleanor Roosevelt; musician Alicia Keys; astronaut Mae Jemison; poet Maya Angelou; actresses Jada Pinkett Smith and Roxie Roker; singer Gladys Knight; TV personality Star Jones; educator Marva Collins, and Kanye West’s late mother, Donda West. Michelle Obama accepted honorary membership in 2008 but has yet to be inducted.Sun-Times
Thursday, July 30, 2009
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