Arizona
Man who defrauded Arizona fraternity board gets 5 years
PHOENIX — A man who defrauded a University of Arizona fraternity board out of over $500,000 was sentenced recently to five years in prison, officials announced Thursday.
Michael Woolbright, 60, was convicted in April on five counts of fraud and one count of theft, according to the Arizona Attorney General’s Office.
His prison sentence will be followed by 30 years of probation. In addition, the AG’s Office said it secured $520,000 in restitution.
How did Michael Woolbright defraud UofA fraternity board?
Woolbright served on the Tucson Delta Chi Alumni Board and controlled its bank account. The board holds the title to a fraternity chapter house on the University of Arizona campus.
Prosecutors said he repeatedly issued unauthorized checks and sent unauthorized wire transfers to himself and his business without the rest of the board’s knowledge.
“If you are an individual or an entity attempting to defraud Arizonans from their hard-earned savings — consider this a warning,” Attorney General Kris Mayes said in a press release.
