![Gregory Gerami gave $237 million to Florida A&M. The donation was fake.](https://assets1.cbsnewsstatic.com/hub/i/r/2015/04/29/340c23e5-e5a3-40ef-bf68-dcc84ef47c4b/thumbnail/1200x630/6e2e666786e7a06c8786e0cd609401f5/restrictedimagesub.jpg?v=0a0c17d349635d55704afd4e16e28fc6)
Gregory Gerami gave $237 million to Florida A&M. The donation was fake.
CBSN
Texas hemp farmer Gregory Gerami's $237 million stock donation to Florida A&M University wasn't worth the paper the larger-than-life check was written on, an investigative report released earlier this week has found.
The 176-page report labeled the headline-grabbing gift as "fraudulent," substantiating months of doubt.
School officials failed in vetting what at first glance was purported to be the biggest donation to a historically black college or university, with the donation debacle exposing "a fundamental misunderstanding of the complexities associated with private stock donations," according to the report, written by Buchanan Ingersoll & Rooney, the law firm hired to look into the matter.
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The federal trial for three former Memphis police officers charged in the death of Tyre Nichols is set to begin jury selection on Monday. The former officers are charged with violating the civil rights of Nichols, a 29-year-old man whose fatal beating was caught on police cameras while also triggering protests and calls for police reform.