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NCCU audit shows suspected embezzlement

Posted April 1, 2010

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— North Carolina Central University's chancellor has turned over findings of an internal audit that shows evidence of possible embezzlement to state, he said in a news release Thursday.

The university's investigation found evidence to suggest that federal, state and private funding allocated to the university's Historically Minority Colleges and Universities Consortium were embezzled into the personal bank account of the program's former executive director.

"In addition to the private account, the internal audit team has been unable to determine the appropriateness of many of the expenditures made from both university and foundation accounts maintained by HMCUC, which may also evidence improper conduct," Chancellor Charlie Nelms wrote in a March 29 letter to the State Bureau of Investigation.

NCCU serves as the fiscal agent for the state-mandated consortium of historically minority-serving universities. In the past decade, the foundation has received more than $13 million.

Nelms did not specify how much money may be in question.

"I am determined to see this complicated network of accounts and transactions untangled," he said in Thursday's statement. "I believe my referral to these better-resourced state agencies will ensure that full discovery and prosecution, if warranted, takes place."

19 Comments

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  • wildcat Apr 2, 2010

    the person should be fired asap. the person knew right and wrong. prison time of 5 years would really be a teaching tool.

  • ncguy Apr 2, 2010

    here and now,
    racist no, realist yes.

  • JustOneGodLessThanU Apr 2, 2010

    Where's the Klan rally tonight, folks? I've always wondered where the white supremacists hung out and now I know. ;-)

    Meanwhile... Hey, black folks...get your act together. Don't give these bigots any more fuel for their whites-only fire. You're going to have to be "squeaky clean"...more than these pointy-hats have ever been...and for at least a couple of generations to reverse this deep-rooted this racism. Can you do it?

  • affirmativediversity Apr 2, 2010

    "I am determined to see this complicated network of accounts and transactions untangled," he said in Thursday's statement

    ==================

    Sounds like Obamacare Accounting...hey, maybe that's were Obama learned to budget 6 years of Obamacare with 10 years of taxes and call it even/neutral?

    Think of it this way...he was just REDISTRIBUTING their wealth AND according to the Obama standard 13 million is "rich"

  • superman Apr 2, 2010

    Does this person have a name? They should investigate and find out what his name was or if he had one.

  • ncmickey Apr 2, 2010

    Sure....its only the HBCU that have issues like this...come on people....your showing your white hoods again....

  • hardwork919 Apr 2, 2010

    "I'm not surprised. Most HBCU's are so unorganized when it comes to finances or anything else for that matter." Kane

    This is very true. I had to leave Shaw for this very reason. I know too many people that will leave for the summer and come back for the fall and all of a sudden they have a $3,000 balance but no one can explain why.

  • ncguy Apr 2, 2010

    The former chancellor? He was probably already bringing home over a 100K a year and still needed to embezzle?

  • prn13norm Apr 2, 2010

    Irresponsible with money. Sounds like the Obama adminstration, North Carolina Democrat Party, Haiti, Atlantic Beach, Soul City, ACORN, etc.

  • Kane Apr 2, 2010

    I'm not surprised. Most HBCU's are so unorganized when it comes to finances or anything else for that matter.

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