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Wealthy national fraternities shield themselves from liability
Bloomberg reports that national fraternities, with at least $170 million in revenue, "often protect their growing wealth by insulating themselves from legal and financial responsibility for a wave of alcohol and hazing-related deaths and injuries."
Bloomberg reports that some of the biggest national fraternities, while facing lawsuits alleging negligent supervision, "shielded funds in hard-to-tap foundations and cast blame on local chapters with few or no assets. Rather than intensify monitoring of branches, some fraternities have ceded daily supervision to undergraduates."