State Auditor Finds Proceeds From Vending Machines at North Carolina A&T State University Were Diverted Into Chancellor’s Spending Account

A state auditor has found wide-ranging financial irregularities by the administration of James Renick, former chancellor of North Carolina A&T State University, the historically black educational institution in Greensboro. The audit found that $400,000 collected from vending machines on campus was deposited into Renick’s spending account. According to the state audit, the money was spent on artwork, alumni events, and travel for the chancellor’s wife. The money was earmarked for student financial aid and student activities programs. State auditors forwarded their report to the local district attorney, the Justice Department, and the FBI.

Renick stepped down as chancellor last year and is now a senior vice president at the American Council on Education.