A Quakertown couple fleeced Lehigh University fraternities and sororities and their alumni associations out of nearly $1.5 million meant to pay for upkeep and food services at their Greek houses, federal prosecutors said Thursday.
Instead, Albert and Betty Fisher drew large salaries from the funds the groups paid into their company, Bethlehem-based Fraternity Management Association, and used student funds to pay for their personal credit card bills, clothes at high-end department stores and travel, including an $8,000 cruise.
Albert Fisher, 76, was indicted Thursday on counts of conspiracy and wire fraud. Prosecutors also allege he failed to pay taxes on nearly $614,398 he stole from his victims.
It was not clear Thursday whether …
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