The former treasurer of an OU fraternity is wanted by the Norman Police Department after being charged with embezzling approximately $32,000 from the organization.
Jacob Stephens, who served as treasurer of OU’s chapter of Alpha Sigma Phi, allegedly embezzled thousands from the organization from May 2016 to February 2017.
The warrant for Stephens’ arrest has not yet been served, according to the Cleveland County Court Clerk’s office. Stephens is no longer enrolled at OU.
According to the case affidavit, Diego Ramos, former president of Alpha Sigma Phi, filed a report against Stephens with the NPD March 7, 2017. Ramos alleged that Stephens had been embezzling from the organization’s Republic Bank and Trust account through ATM withdrawals since May 2016, and the rest of the organization had only noticed upon realizing the account’s funds were low.
The investigation revealed that Stephens had deposited $16,124.42 in over 40 checks to accounts with Capital One under “Jake Stephens” or “Mike Doss.” Stephens deposited all but one of the checks to a single account, which documents from Capital One confirmed did belong to him, according to the affidavit.
Ramos also reported that Stephens had withdrawn $11,850 from the fraternity’s Republic Bank and Trust account in person. Photos and account activity from the bank from Feb. 14 to 21, 2017, revealed that Stephens had withdrawn $3,200 in that time period alone.
The Daily has reached out to both Ramos and Stephens for comment and will update this story as more details become available.
Correction: This article was updated at 1:13 p.m. to reflect that Stephens is no longer enrolled at OU and that Ramos is no longer president of Alpha Sigma Phi.
