1. dailynews

Audit uncovers fraud at North Carolina A&T

Aug. 27, 2007
Report tells of mismanaged grants and misspent funds.

An audit of North Carolina A&T State University in Greensboro documents more than $1 million in fraud, mismanagement of federal grants and misuse of money, including $380,000 in vending receipts that were diverted to a spending account of former Chancellor James Renick. The audit caps months of investigation at the university, where several employees have been fired and charged with criminal offenses.

Click here to read The Raleigh News & Observer article.

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