An independent investigation has concluded that a $237 million donation to Florida A&M University (FAMU) from Texas hemp farmer Gregory Gerami was fraudulent. The investigation revealed that the valuation of the donated private stock was baseless and that the university mishandled the gift due to a lack of due diligence and secrecy. Former President Larry Robinson’s lack of trust in his leadership team and the urgency to announce the gift at a commencement ceremony contributed to the mishandling. FAMU spent nearly $15,000 on Gerami's visit and events surrounding the announcement, further aggravating the financial and reputational damage. In response to the findings, FAMU's Board of Trustees has accepted the report and tasked interim President Timothy Beard with implementing corrective actions. Students expressed relief that the investigation is over and hope to focus on the upcoming semester.