A former adviser to the Alpha Tau Omega fraternity at Auburn University pleaded guilty this week to embezzling more than $940,000 from the Greek organization, according to today’s Opelika-Auburn News.
The adviser, a former Auburn professor and lieutenant colonel in the U.S. Army named Loyd Frank Lawing Jr., diverted the money from the fraternity’s local bank accounts to finance his aerospace company and a $124,000 down payment on a new house.
The fraternity had amassed the funds from the sale of its house and donations intended to help finance construction of a new one. Because of the embezzlement, fraternity members have not been able to begin that project, but Mr. Lawing has agreed to reimburse them for at least $1.3-million.
Mr. Lawing faces up to 20 years of imprisonment and a maximum fine of $250,000 for a combination of offenses including wire, tax, and fraud charges. —Elizabeth F. Farrell