Reported 7 months ago
Florida A&M University announced a record $237 million gift from Gregory Gerami, a 30-year-old donor who promised shares from his hemp company. However, the donation is on hold after questions about Gerami's background and the valuation of the shares were raised. An investigation is ongoing, and the university awaits the results while also adjusting plans that were tied to the gift, such as stadium upgrades and scholarship funding.
Source: YAHOO