The account bankrolls the fraternity's annual Chris Seifert Memorial Golf Tournament. Seifert, who helped found Moravian's Delta Tau Delta chapter, was killed five years ago in a grenade attack by a fellow soldier.
The fraternity's Web site says the annual golf tournament has raised more than $40,000 for Benjamin Seifert's college fund.
Cote has been charged with theft. He's free on $10,000 unsecured bail.
No one answered the phone at Cote's fraternity house Friday.
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Information from: The Express-Times
