U.S. Attorney: Oxford woman stole millions from Mississippi State sorority

An Oxford lady stole $2.9 million from a Mississippi State College sorority, based on court docket data from the Northern District of Mississippi.

The U.S. Legal professional’s Workplace for the Northern District is sentencing Betty Jane Cadle, 75, for diverting cash from the Delta Omega Chapter Home Company for the Kappa Delta Sorority to her private financial institution accounts and enterprise between 2012 and September 2019. 

Although court docket data state she obtained the hundreds of thousands as part of a “scheme,” she is simply dealing with sentencing for one rely of wire fraud. 

Cadle pleaded responsible in March for writing a $20,000 examine from the sorority company’s checking account and depositing it into an account for her enterprise in January 2018, based on court docket paperwork. 

Between 2018 and 2019 Cadle deposited one other 5 checks totaling about $111,500 into her enterprise, Oxford youngsters’s clothes retailer Belles and Beaus, based on court docket paperwork. As a part of her plea deal, the federal authorities agreed to dismiss these 5 counts of wire fraud, based on court docket paperwork. 

Courtroom data didn’t say the place the remainder of the cash allegedly taken from the sorority went. 

Sorority bylaws state any expenditures from the sorority company’s checking account require prior approval by the board consisting of a president, treasurer, secretary and a scholar consultant, based on court docket paperwork. 

As treasurer, Cadle was accountable for managing sorority dues, buying gadgets for the sorority home, paying utility payments, submitting tax paperwork and normal bookkeeping, based on court docket data. 

She might face a most of 20 years of incarceration, a $250,000 high quality, three years supervised launch and a $100 particular evaluation. The court docket may order restitution, based on court docket data. 

Cadle’s sentencing is scheduled for Sept. 16, 11 a.m. on the federal courthouse in Oxford with  U.S. District Courtroom Decide Glen Davidson. 

Cadle’s lawyer was not capable of be reached for remark when contacted by Mississippi Immediately. A spokesperson from the nationwide group of Kappa Delta was not instantly obtainable for remark.