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Bethune-Cookman University addresses fraud allegations

Interim President Hubert Grimes discusses findings from recent audit

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DAYTONA BEACH, Fla. – Officials with Bethune-Cookman University addressed recent findings of "questionable financial activity" that have put the historic black college at risk of  losing its accreditation.

Interim President Hubert Grimes held a news conference Tuesday morning at White Hall to talk about the future of the university.

According to a statement from B-CU, "A recent audit has revealed questionable financial activity dating as far back as the previous administration, which put the university on probation and at risk of losing its accreditation. The future of the university is at stake without significant action."

Grimes addressed the findings of the audit, a potential lawsuit and "why the historic university is on the verge of extinction," according to the statement.

Re-watch the news conference below:

Bethune-Cookman University addresses fraud allegations

WATCH LIVE: Officials with Bethune-Cookman University address recent findings of "questionable financial activity" that have put the historic black college at risk of losing its accreditation.

Posted by News 6 WKMG / ClickOrlando on Tuesday, October 16, 2018