FAM-GATE to be Investigated

da rattler
7
Former FAMU Trustee Corey Alston told the Tallahassee Democrat, "I believed that there was a case of withholding pertinent information about the true status of FAMU's financial position from the audit committee and from the overall board of trustees," former trustee and audit committee member Corey Alston said Friday. "I believe it has been known for several months that there is no $8 million surplus."

See: FAMU Finances to be Investigated

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7Comments

  1. George Allen, the Rubber-Band Man:

    He's George Allen, man,
    Wild like the Taliban.
    2-year extension in his right,
    $35,000 bonus in his other hand.
    FAMU's in trouble, man,
    Deep, deep trouble man.
    Waste a few hundred grand,
    But he don't even care, man.

    ReplyDelete
  2. And we won't stop,
    Cause we can't stop.

    Don't stop the public leaks, the questions, and the criticism until all those in the administration and BOT who are hurting our institution are gone!

    FAMU Forever!

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  3. It's now clear that the 85K raise/bonus was not deserved. Let's start a "Give it Back" campain. Give it back Castell!

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  4. Also, give Castell back to Miami-Dade College!

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  5. Rattler Nation should investigate and expose why Corey Alston was not confirmed by the Florida Senate and was forced to resign from the Board. KAP Scandal? Unpaid Bills? Liens? Now tell me, who's misrepresenting what?

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  6. True at 3:24 a.m., that former trustee Alston had some obstacles, but let's not forget so does the Chair Lowe. However, she is still on the board illegally and I don't hear the BOG or the Gov making much ado about her situation or leading an investigation.

    The point and we should not loose our focus is the reported $51M deficit, to an unaudited $8M surplus to a -$10M loss. When did those responsible for our finances realize this misrepresented the financial status of FAMU; and when did certain members of the BOT become aware?

    Castell was rewarded (bonus & raise) by the BOT based on bogus accounting and she in turn rewarded (raises) her management team also on this bogus accounting. These people received raises when she denied raises to the faculty and staff.

    Finally, where was the chair of the audit committee, Pamela Duncan while all of this was transpiring?

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  7. What happened to Alston? he probab;y was gonna be TOO much for the cronies.

    ReplyDelete
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