Davis Found Guilty
Brothers of Phi Beta Sigma Fraternity, Inc.
The United States Department of Justice has issued the following press release concerning the U.S. Government vs. Terry Davis case. Further details will be forthcoming in my update to you.
Paul L. Griffin, Jr.
International President
Former Treasurer of International Fraternity Found Guilty of Charges in Connection with Theft of $241,000
Washington, D.C. – Terry Davis, the former elected National Treasurer of Phi Beta Sigma, an international fraternal organization, has been found guilty of eight counts of bank fraud, one count of theft in the first degree and one count of fraud in the first degree stemming from his theft of $241,000 from the fraternity’s bank account, U.S. Attorney Jeffrey A. Taylor and Joseph Persichini, Jr., Assistant Director in Charge of the FBI’s Washington Field Office, announced today.
A federal jury sitting in the District of Columbia found Davis, 40, guilty of the charges on Thursday, May 3, 2007. The Honorable Reggie B. Walton is scheduled to sentence Davis on August 7, 2007. Davis, formerly of Memphis, Tennessee and Herndon, Virginia, faces a statutory maximum sentence of 50 years in prison, though under the federal sentencing guidelines Davis’s likely sentence will be between 37 and 57 months of incarceration.
According to the evidence presented at trial, between January 2001 and June 2003, while he was the elected, National Treasurer of Phi Beta Sigma, Davis had custody of the fraternity’s check book. During that time period, Davis wrote 126 checks payable to cash, without authorization, using the fraternity’s check book. On many of the checks, Davis forged the name of the fraternity’s National President. In many instances, Davis falsely wrote on the memo line of the check that the proceeds of the check were intended for legitimate fraternity purposes when, in fact, Davis diverted the proceeds to personal expenses. Davis also forged the bank signature cards for the fraternity’s checking account and falsely represented to the bank, among other things, that the number of required signatures on the fraternity’s checking account had been reduced from two signatures to one signature. Davis deposited the proceeds of many of the checks into his personal bank accounts and expended the proceeds on personal expenses. It was shown at trial that the proceeds obtained by Davis through the 126 checks made payable to cash totaled over $241,000.
In announcing the verdict, U.S. Attorney Taylor and FBI Assistant Director in Charge Persichini praised the efforts of FBI Special Agent Mark Stanley. They also commended the work of the following individuals from the U.S. Attorney’s Office: Supervisory Paralegal Specialist Janean Bently; Paralegal Specialists Melanie Howard, Lynita Greene and Jeanie Latimore-Brown; Legal Assistant Lisa Robinson; and Assistant U.S. Attorneys Michael Atkinson and John Roth, who prosecuted the case.
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The Little Rock Desegregation Crisis: Fifty Years Later 1957-2007
Please be advised that on September 6-8, 2007, Bro. Georg Iggers will be honored in Little Rock, Arkansas, during the 50th Anniversary of the integration of Little Rock’s Central High School. He played a pivotal role in this historic event.
“The Little Rock Desegregation Crisis: Fifty Years Later: An International Conference” September 6-8. The conference will begin on Thursday evening, September 6, in the Clinton Presidential Library with a keynote address by David Lewis, the author of a Pulitzer Prize biography of W.E.B. DuBois. The program on Friday will begin with a plenary session, “Civil Rights and National Memory”.
I plan on attending to support our brother. The event will take place at the Clinton Library, more details to follow. He is one of the first white men initiated into Phi Beta Sigma Fraternity and he will be attending Conclave this year in Charlotte. Bro. Iggers gave the keynote address at the 1955 Conclave in Louisville, Kentucky.
If you would like to attend, please forward your name and mailing address to Bro. Iggers so that you can receive an official program and be added to the invited list. Please let him know that you are a member of Phi Beta Sigma Fraternity as well.
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