A man who pleaded guilty to defrauding an MU fraternity was sentenced Monday to two years in prison by a federal court in Jefferson City.
Burt Beard, 63, of Kirksville pleaded guilty to one count of bank fraud in September 2017 on charges that he embezzled more than $380,000 from the MU chapter of Sigma Alpha Epsilon over a seven-year period.
He worked as a volunteer treasurer for the MU chapter of Sigma Alpha Epsilon from 2000-2014. Beard was responsible for all of the fraternity house's finances, including paying vendors and collecting rent checks. From 2008-2014, he wrote at least 150 checks to himself.
In addition to two years in prison, Beard must serve three* years of supervised probation and pay back the money he stole from the fraternity.
Suspicions arose in 2014 when Beard would not give a newly appointed treasurer access to the fraternity's bank account. Before eventually giving the new treasurer access, Beard transferred $50,000 to a new account he had created. After gaining access to the fraternity bank account, the new treasurer saw that Beard had written several checks to himself.
This fraud charge is not related to an ongoing MU investigation into the possible misuse of Greek Life funds.