Broken chain links symbolizing trust and funding uncertainty.
Want to target the right audience? Sponsor our site and choose your specific industry to connect with a relevant audience.
Prominent brand mentions across targeted, industry-focused articles
High-visibility placements that speak directly to an engaged local audience
Guaranteed coverage that maximizes exposure and reinforces your brand presence
Interested in seeing what sponsored content looks like on our platform?
May’s Roofing & Contracting
Forwal Construction
NSC Clips
Real Internet Sales
Suited
Florida4Golf
Click the button below to sponsor our articles:
Sponsor Our ArticlesIn an astonishing revelation, a donation of $237 million from Gregory Gerami to Florida A&M University (FAMU) has been deemed fraudulent by investigators. This incident not only tarnishes FAMU’s reputation but also poses significant repercussions for Gerami, who once appeared to be a philanthropic figure.
Gerami is a 28-year-old self-proclaimed entrepreneur from Texas, who had made headlines after presenting what was considered one of the largest donations in the history of historically Black colleges and universities (HBCUs) at FAMU’s graduation ceremony. He identified himself as an African American businessman with ties to significant business endeavors.
The situation came to light when the university learned that the substantial donation was tied to stocks in his company, Batterson Farms Corp. Shortly after the donation announcement, inquiries began to surface about Gerami’s financial stability and the authenticity of his claims to wealth.
The donation controversy is based in Tallahassee, Florida, home to FAMU. However, Gerami’s dubious dealings have connections stretching to South Carolina’s Coastal Carolina University, where a similar scenario unfolded in 2020, involving a planned $95 million gift that ultimately collapsed.
The turmoil began during FAMU’s graduation ceremony in May, when Gerami made the bold announcement of his $237 million donation. In the subsequent months, university officials and investigators began to unwind the threads of deception, leading to a greater investigation into Gerami’s business claims.
This situation highlights serious issues regarding due diligence in accepting philanthropic donations, particularly in higher education. Many universities are now facing increased scrutiny regarding their vetting processes for proposed donations. For FAMU, this incident has led to the resignation of its president and other university officials, crippling their administration’s credibility.
Kimberly Abbott, a former Birmingham City Councilwoman who advised Gerami for years, expressed shock and disappointment over the situation. Abbott described feelings of fear and betrayal, having invested significant time and trust in Gerami who, despite claims of wealth, had quite the opposite reality according to her findings. She had initially believed in Gerami’s vision and capability but was later engulfed by the news surrounding his fraudulent activities.
Besides affecting the university, Gerami’s actions have led to personal repercussions for several individuals who had supported him, including investors and professional colleagues who feel deceived. These associates reported feeling a sense of betrayal, having once trusted Gerami’s ambitious projects. His approach resembled notorious con artists, using charisma to substantiate his lies, according to experts in fraud.
The unfolding investigation surrounding Gregory Gerami raises critical questions about accountability and transparency in philanthropic contributions. University officials and the community are left processing the fallout from this incident, emphasizing the need for meticulous scrutiny of financial endorsements in academia.
News Summary Party City has announced the closure of all 850 stores in the U.S.,…
News Summary TECHnista LLC has announced a significant investment to establish a national training and…
News Summary Dominion Energy has launched the EnergyShare for Small Business program to assist small…
News Summary The city of Georgetown prepares for significant economic challenges as the International Paper…
News Summary On March 7, 2025, South Carolina executed Brad Keith Sigmon by firing squad,…
News Summary Residents of Powdersville, South Carolina, are thrilled with the announcement of a new…