UD has covered lots of stories like this over the years. A grant-getter teams up with someone who controls campus money.
The guy who used to run Florida A & M University’s Federal Credit Union teamed up with the guy who used to run FAMU’s Institute on Urban Policy and Commerce, and they did some commerce of their own, stealing $134,000 from a federal grant.
Records showed withdrawals corresponding with every deposit to a micro loan account during a period between 2002 and 2008. These withdrawals were then deposited in Telfair’s personal account.
Took every penny.