A record multi-million dollar gift to Florida’s only public historically Black university has been void for months, an independent investigator said Thursday, as a third-party report determined school officials failed to vet a “fraudulent” contribution and that the donor’s self-valuation of his fledgling hemp company was “baseless.” Little-known entrepreneur Gregory Gerami’s donation of more than $237 million was “invalidated” ten …
NEW YORK — In early May, Florida A&M University announced a stunning $237 million gift from a 30-year-old donor who cast himself as Texas’ “youngest African American industrial hemp producer.” The donation, which would have been the largest-ever private gift to a historically Black college or university, was announced at commencement to great fanfare. University officials say they began meeting …
NEW YORK — It would have been the largest-ever private gift to a historically Black college or university: $237 million — far beyond the recipient’s endowment. Kimberly Sue Abbott, a founding board member who told the AP that she was incorrectly listed as co-CEO, cast doubt on Gerami’s self-reported value of the shares and said Batterson Farms “is not farming …
A mega-gift for an HBCU college fell through. As the school's foundation and board of trustees held public Zoom meetings to discuss the matter, more details about the donation emerged: While Gerami said the money was "in the bank," Friday-Stroud said the donation was made in the form of 15 million shares of stock in Batterson Farms, Gerami's privately held …
