*****UPDATE – 10:31 CST*****

Per another tipster:

They lost their charter because they hired porn stars to strip for them using chapter funds.

Ha! Classic.

We were also emailed a formal document that’s about as long as every college textbook I never read, but after spending a couple minutes skimming through, it appears to be a detailed report of every allegation against the chapter and subsequent response from the national office from December 2008 to November 2012. I’ll start sorting through this bad boy to see what I can share, if anything at all.

The latest:

I read through the document this morning. I don’t want to air anyone’s dirty laundry, so I’ll just say that the earlier report about misconduct and mismanagement was fairly accurate. Okay, very accurate. They also treated their new mansion like a rundown spring break hotel.

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According to multiple tipsters, the Virginia Tech chapter of Sigma Phi Epsilon recently had their recognition withdrawn by their national office. Details remain minimal and unconfirmed for the time being, as this story is still fluid, and we’ll certainly update as soon as we obtain more information, but it sounds like their charter was pulled due to general misconduct and mismanagement.

Remember the amazing $5 million house that this chapter had the privilege of moving into at the beginning of the spring semester?

You know, this one:

Well, they lost it. They have to move out and they have to stay out. Commenters from this story that I posted almost a month ago state that the chapter was previously on probation, contributing to the explanation of the seemingly abrupt dismissal.

We were also sent the following screen capture. I can’t confirm where it’s from or by whom it was posted, but it helps shed some light on this breaking development, so here it is:

My response to that last paragraph: ouch, and fuuuuuuuuuuuck.

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