bluehaze
Official BDF member
Posts: 6,237
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Post by bluehaze on May 8, 2024 9:09:43 GMT -5
From the article: Gerami, who said he intentionally keeps a low-profile online to protect his family, said at Monday's news conference that Blakeley’s information was “completely wrong,” but he did not elaborate on the details in the article that suggest Gerami may not have the kind of wealth he claims. He told reporters that his company has about 7,000 employees and expects to grow to 10,000 by the end of the year. However, a search for the company on LinkedIn brings up “Gregory G.” as the only Batterson employee on the website. “I have a lot of contractors,” he said in response to a reporter’s question about why none of his employees list the company on their LinkedIn pages. “We have a few full-time employees.” When asked during Monday’s news conference for more details about who Issac Batterson is and how the trust operates, Gerami said doing so would breach his fiduciary responsibility to the trust. ![](https://media.tenor.com/xrG0jvDbsHgAAAAM/you-about-to-lose-yourjob.gif)
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Post by winstonaggie on May 8, 2024 15:44:42 GMT -5
The news that the Vice Chair of the FAMU BOT had no idea about this until it was announced at the commencement is truly concerning. I'm still holding out hope, but this is looking increasingly shady, and the Vice Chair calling for an emergency meeting to discuss the donation and transparency...smdh
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Post by Bornthrilla on May 8, 2024 18:28:51 GMT -5
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Post by aggiestats on May 8, 2024 18:34:50 GMT -5
I hate this for FAMU. They continue to be in the media for the wrong reasons.
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Post by westcoastaggie on May 9, 2024 7:54:31 GMT -5
This is why you keep your mouth shut on donations until everything clears! Otherwise, you risk your reputation amongst the philanthropic community. Also, there's a reason why FAMU was kept out of the Mackenzie Scott "sweepstakes."
Say what you want about A&T's admins slow-walking everything, but they would've never fallen for this type of Ponzi scheme.
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Post by westcoastaggie on May 9, 2024 7:57:11 GMT -5
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Post by Bornthrilla on May 9, 2024 8:18:02 GMT -5
This is why you keep your mouth shut on donations until everything clears! Otherwise, you risk your reputation amongst the philanthropic community. Also, there's a reason why FAMU was kept out of the Mackenzie Scott "sweepstakes." Say what you want about A&T's admins slow-walking everything, but they would've never fallen for this type of Ponzi scheme. There's an old saying that 'it's hard to cheat a honest man'. Meaning, when people are willing to cut corners they are more prone to fall victim to a scam. I believe FAMU's administration failed to properly vet this donation because they were behind in their fundraising goals and were desperate to announce any type of success to appease their alumni and BOT.
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Post by DOOMS on May 9, 2024 10:28:08 GMT -5
It unfortunately puts me in the mind of the failed I-A football scheme some years back.
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Post by SixtiesAggie on May 9, 2024 11:38:04 GMT -5
It unfortunately puts me in the mind of the failed I-A football scheme some years back. I was wondering, if some of you would remember that D1 fiasco/blunder between embarrassed and the woman in Harlem promising TV money that did not exist. They kicked MEAC to the curb and scheduled power 5 teams for football and were not embarrassed about asking for readmission to the MEAC. They have a lot of embarrassing moments in their history.
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Post by A&T AGGIE 96 on May 9, 2024 12:51:16 GMT -5
I hate this for FAMU. They continue to be in the media for the wrong reasons. Damn ! this ain't good for them at all.
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Post by westcoastaggie on May 9, 2024 13:41:39 GMT -5
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Post by westcoastaggie on May 9, 2024 13:53:56 GMT -5
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Post by Bornthrilla on May 9, 2024 14:13:03 GMT -5
How hard is it to determine what the company is actually worth?
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Post by westcoastaggie on May 9, 2024 14:16:09 GMT -5
This "company" is private and has little public information. OffScript and a few others have found that it appears to be allegedly fraudulent.
This seems to be the real-life version of "Scott's Tots.
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Post by Bornthrilla on May 9, 2024 14:33:42 GMT -5
My question would be was there any form of quid pro quo with this deal?
What did FAMU have to give to Germani in order to secure the donation?
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