What We Did That Night(1999)

They were warned that someday their pranks would go too far...

An ex-con Henry (Rick Schroder) returns to town after being released from prison and contacts his old college frat members about a murder that they committed years earlier. They have to return to move the body to a new location before it is uncovered by recent digging in the area. Now a lot older and bitter about going to prison Henry has planned revenge on his old friends.