There's apparently not enough fraud and misrepresentation on the BOG:
Sen. Bill Rabon (R-Brunswick) nominated Goolsby for the position, according to the Senate Clerk's office.
Goolsby says he wants to make sure taxpayers get their money's worth from the UNC system by cutting wasteful spending. Goolsby says people deserve a huge return on investment from the UNC system.
Bolding mine. If the taxpayers were given a choice as to who would be safeguarding their investment in higher education, I doubt very seriously they would choose somebody who misled investors and has been barred from securities trading or advising for ten years: