Overview of UNC budget, athletics, governance, investigation, and foreign relationships.

Report Letters of Marque / Research report

I’m a Tar Heel born, I’m a Tar Heel bred

And when I die, I’m a Tar Heel dead.

By

6 SEPTEMBER 20262,521words12min read77notes

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Opening

Carolina runs one operating budget, but federal grants, state appropriations, television contracts, licensing, donations and foreign gifts each arrive under different rules, with different officials responsible for protecting them. When one funding source shrinks, the university decides which programs absorb the loss.

Inset 01: John Preyer and the consolidation of 18 university budgets into one operating budget

Inset 01 — Eighteen budgets. UNC records describe Preyer’s budget, appropriations, and institutional roles. See 1315 and resource 85.

REALDIGS editorial graphic using UNC source material; Old Well decal is a supplied design illustration.

Washington cut one of those funding sources. On September 12, 2025, NIH replaced the traditional foreign subaward with separately identified, linked awards and separate financial reporting. The notice cited failures in financial oversight and national-security concerns.1 UNC’s direct NIH awards fell from $691.8 million in FY2024 to $636.3 million in FY2025, a drop of $55.5 million, or about eight percent.2 By September 16, 2025, the university counted 118 terminated federal grants and roughly $38.4 million lost.3

Inset 02: NIH foreign subaward restructuring and UNC NIH award totals in fiscal years 2024 and 2025

Inset 02 — New rules. The NIH policy change and UNC award figures are redrawn from 12; the graphic is a typeset schematic, not an original-page screenshot.

REALDIGS editorial graphic from the NIH notice and UNC financial report.

Ten months later the answer had a number on it. On July 29, 2026, chief financial officer Nate Knuffman wrote that UNC’s savings target had grown from about $70 million toward $90 million. Reinvestment was promised for faculty, laboratories, STEM and artificial intelligence.4 A January 2026 trustee resolution had already ordered $25 million in annual administrative cuts. The July committee packet split that into $17.5 million from the ServiceFirst program and $7.5 million from other administrative staffing.56 Six pages later, the same packet counted athletics employees earning at least $250,000: 19 in June 2019, and 27 in June 2026.6

Inset 03: administrative savings and the count of highly compensated athletics employees in the same UNC board packet

Inset 03 — In the same board packet. The administrative-savings figures and athletics compensation count come from 56.

REALDIGS editorial graphic from UNC Board of Trustees public materials.

Carolina

Bill Belichick’s five-year contract was worth $50 million, with the first $30 million guaranteed.7 UNC’s 2026-27 budget projects athletics revenue of $175.115 million against $183.537 million in expenses, with $8.803 million in net transfers into the department.8 The last complete NCAA report covers FY2025, a year that ended before Belichick himself coached a game. Football took in $63.34 million against $49.15 million in allocated expenses. The department as a whole ran with a budget shortfall of $15.02 million, and the report records $0 moving from athletics to the institution.9 Athletics director Bubba Cunningham had already described money moving the other way. In November 2024, more than a year before the federal cuts, he acknowledged that the university transfers money into the department and has postponed or forgiven some of its facility-debt payments.10

Inset 04: UNC athletics revenue, expenses, transfers, and NCAA-reported shortfall

Inset 04 — Athletics finances. Budget, NCAA, and reported transfer figures are presented from 8910.

REALDIGS editorial graphic from UNC and NCAA financial reports and cited reporting.

Getting Belichick to Chapel Hill took trustees willing to run ahead of their own athletic department. Then-chair John Preyer pursued him through Michael Lombardi, brought Rams Club members into his interview and treated the remaining search schedule as a threat to the deal.11 Trustee Jennifer Lloyd wanted the same result: “If you can hire Bill Belichick, you hire Bill Belichick.” Cunningham was still running the formal search while both trustees publicly circumvented official press releases, and Chancellor Lee Roberts closed the deal. Asked what would happen if the bet failed, Preyer told WRAL: “If I’m wrong, screw you all. I mean, I tried.”7

Inset 05: John Preyer’s reported role in the Bill Belichick hiring process

Inset 05 — Preyer’s role in the Belichick hire, as described in public reporting and interviews. See 711.

REALDIGS editorial graphic from cited WRAL and Inside Carolina reporting.

Preyer acknowledged sending Lombardi compensation figures from Mack Brown’s contract while denying that he negotiated terms.11 On January 16, 2025, UNC System President Peter Hans sent Preyer and Roberts a two-page memo suspending the board’s independent athletics authority. It required his written approval for specified hiring and salary actions, for athletic-director and head-coach contracts, and for any athletics contract worth $29,000 or more. Trustees acting apart from campus administration, he wrote, created legal and financial risk in outside negotiations. He pointed back to an earlier intervention on January 12, 2024.12 The argument over who could commit Carolina’s money was already a year old when the research cuts began.

Inset 06: athletics contract authority described by John Preyer and suspended in Peter Hans’s January 16, 2025 memorandum

Inset 06 — Athletics contract authority. In an August 28, 2025 Q&A, John Preyer said he sent Michael Lombardi a one-page summary of incentive compensation in Mack Brown’s public contract, while denying that he negotiated on UNC’s behalf. Peter Hans’s January 16, 2025 memorandum suspended part of the Board of Trustees’ athletics authority, barred trustees from negotiation, review, or approval of specified actions, and required written presidential approval for athletics hiring and salary actions and for contracts totaling $29,000 or more. Sources 1112.

Inside Carolina / On3 and the Hans memorandum; red outlines added by REALDIGS.

Personal interests at odds with UNC Athletics

Both trustees carried research and investment portfolios alongside their football advocacy. Preyer helped establish the NC Collaboratory in 2016. By UNC’s own account it had directed more than $250 million in legislative appropriations into university research, and its 2020 COVID-19 portfolio included $2,773,528 in project budgets led by Ralph Baric.1314 He helped found the Institute for Risk Management and Insurance Innovation with more than $8 million in corporate support, and helped replace 18 separate university budgets with one.1315 Lloyd came out of healthcare investment banking at Goldman Sachs. She cofounded the medical-technology advisory firm Asante Partners and was a senior vice president at Varian Medical Systems.16 At UNC she directs the Foundation Investment Fund and cochaired the $5 billion Campaign for Carolina.17 Varian appears in UNC Lineberger’s FY2021 report as the sponsor of Andrew Wang’s radiation-guided immunotherapy project, at $152,670 for one year of an August 2020 to August 2022 award.18 The trustees pushing hardest on football spending sat closest to the research and fundraising accounts that football spending draws against.

Graphic 03: documented UNC trustee research, appropriations, investment, donor, and medical-technology roles

Graphic 03 — Trustee research and investment roles. UNC records place Preyer on the appropriations and budget side and Lloyd on the investment and donor side. The graphic does not attribute the cited Varian award to Lloyd. See 13151718.

UNC Communications and Board of Trustees source-page captures; red brackets added by REALDIGS.

In August 2026, trustees tabled Steve Newmark’s proposal for a wholly UNC-owned company to consolidate athletics’ commercial activities, pending a finished operating agreement. The public governance packet lists the discussion, but includes no agreement.1920

The station and the school

WRAL’s parent, Capitol Broadcasting Company, helps pay for the school that trains the reporters who cover Carolina. CBC and WRAL supported the Goodmon Studio, the A. J. Fletcher Foundation helped renovate Carroll Hall, and a joint CBC-UNC fellowship places about a dozen student journalists a year.2122 Capitol Broadcasting became UNC Hussman’s first corporate Hall of Fame inductee in 2024, at an event that raises money for the school.23 Former WRAL leaders Steve Hammel and David Crabtree sit on Hussman’s Board of Advisers and Foundation Board.24

Inset 08: Capitol Broadcasting and WRAL relationships with the UNC Hussman School of Journalism and Media

Inset 08 — WRAL and Hussman. UNC and WRAL materials document support for Goodmon Studio and a fellowship, Capitol Broadcasting’s corporate honor, former WRAL leaders on school boards, and the visiting-scholar program. See 2122232425.

WRAL / Capitol Broadcasting and UNC Hussman source-page material; red outlines added by REALDIGS.

Hussman runs an international academic business of its own. Its visiting-scholar program takes roughly 20 to 30 participants at $3,000 per semester, traditionally drawn mostly from China and Korea.25 Its 2019-2020 accreditation self-study describes using Fudan University and University of Hong Kong contacts, along with alumni and visiting scholars, to arrange media-course visits involving Lenovo, CCTV and China.org.cn.26 The station’s institutional partner holds its own working relationships inside the international university economy now under federal review.

Controversy was already present

Belichick arrived with a record that made him a story before he coached a down. He and the Patriots drew sideline-videotaping penalties in 2007. “Deflategate” followed in 2015, costing the team $1 million and two draft picks, with Lombardi working as an assistant to that staff in the later period.272829 The Wells report did not establish participation or knowledge by other Patriots personnel, a limit the Second Circuit noted when it restored Tom Brady’s suspension.3031

Readable source-page crop of the New England Patriots official September 14, 2007 report about sideline video-recording penalties

The Patriots' official news page recounts the commissioner's penalties after the team's violation of sideline video-recording rules: three-quarters of a million dollars across the club and Bill Belichick, plus at least one draft pick. The page also records contemporaneous reaction and identifies the matter as a developing story.

New England Patriots / Patriots.com (official team website), September 14, 2007.

WRAL’s December 2025 documentary pushed the hire into politics, following the Marco Rubio-Thom Tillis-Phil Berger contact chain and pressing Preyer on trustee intervention.3233 Since then the station has challenged UNC’s withholding of an earlier investigation report and requested the new lawyers’ agreements and payment records.34

Inset 09: WRAL scrutiny of the Belichick hire and public-record requests concerning UNC investigations

Inset 09 — WRAL scrutiny and record requests. The documentary contact sequence, the six-media-organization School of Civic Life and Leadership case, and later requests are documented in 323435.

WRAL and The Daily Tar Heel source material; red outlines added by REALDIGS.

In September 2026 it asked UNC about alleged drug use and sexual relationships inside the football program, sourced from the “independent” investigators hired by UNC itself. Lombardi resigned, and WRAL reported that findings of certain conduct could allow contract terminations without further salary, while dismissals without cause would leave UNC owing guaranteed money.35 A finding can move a multimillion-dollar obligation, which puts the lawyers’ instructions inside the budget.

Counsel of record

UNC identified its Office of University Counsel, led by General Counsel Paul Newton, as leading the Lombardi inquiry. Nate Huff and McNair Nichols conduct it; Wes Camden advises the university.3637 UNC said public funds would not pay the outside lawyers, without naming the account or the payer. The engagement letter, the written scope and the investigation-specific budget communications have not been made available.36

Graphic 04: the public investigation scope, unidentified payer, outside counsel, and different contract consequences for termination for convenience and cause

Graphic 04 — Michael Lombardi’s UNC appointment letter sets different payment consequences for termination for convenience and termination for cause: remaining base salary under paragraph 6, subject to the contract’s release, mitigation, and offset provisions, versus compensation earned through the termination date under paragraph 8. WRAL reported the outside-counsel roles and UNC’s statement that no public funds would pay the outside lawyers; the cited reporting did not identify the payer or account, and the written scope and investigation-specific budget communications have not been publicly released. Allegations described by WRAL were questions under investigation, not findings.

UNC Athletics, Michael Lombardi appointment letter (April 2, 2025; accepted July 31, 2025); WRAL 3536; The Assembly 37. Original UNC and WRAL source pixels reproduced with restrained red markup.

Annotated crop of the opening of Michael Lombardi’s UNC termination-for-convenience clause

UNC’s Michael Lombardi appointment letter begins the termination-for-convenience clause and directs the payment terms that continue on the next page.

UNC Athletics, Michael Lombardi appointment letter, April 2, 2025, contract PDF pp. 7–8; red bracket added for emphasis.

Huff and Nichols began the work at K&L Gates and carried it to Barnes & Thornburg, which recruited them in 2026 as part of a twelve-lawyer healthcare team.3839 Huff had already led UNC’s investigation of its School of Civic Life and Leadership, and Nichols took part in it. Camden represented UNC in opposing release of that report, with WRAL among the news organizations seeking it.404134 Camden’s firm, Williams Mullen, also represents Preyer and Lloyd in their official trustee capacities in Chris Clemens’s lawsuit. A March 9, 2026 filing names Camden, Lauren Fussell and Lewis Hallowell as counsel for the defendants.42 The lawyers now examining Carolina’s football program were already inside Carolina’s governance fights.

Inset 11: UNC outside counsel and overlapping university and trustee representations documented by UNC, law-firm, and court sources

Inset 11 — UNC outside counsel and overlapping work. Cited sources identify Huff and Nichols on the football inquiry, their firm move and earlier School of Civic Life and Leadership work, and Camden’s related university and trustee representations. The overlap is not itself proof of a conflict. See 3436373839404142.

Barnes & Thornburg, The Assembly, The Daily Tar Heel, and the Clemens filing; red outlines added by REALDIGS.

Huff’s practice also reaches the legislature that appropriates the university’s money. He appeared as Local Civil Rule 83.1 counsel for Phil Berger and Tim Moore in the January 2017 Medicaid-expansion case.43 He defended the 2017-18 Right to Farm Act amendments, which restrict nuisance claims against hog operations. The North Carolina Court of Appeals upheld them on December 21, 2021, in an opinion whose background discusses litigation against Murphy-Brown, a wholly owned Smithfield Foods subsidiary.44 He appears as counsel for GOPAC Inc. in a 2025 defamation case.45

The three firms’ books of business run well past Chapel Hill. Public filings, court records, firm announcements and patent and trademark databases identify at least 26 corporate client groups and one named Chinese national across them. The ties are China-based, Hong Kong, offshore-holding or Chinese state-owned, and counting two companies held through documented Chinese minority investment brings the total to 28 groups.46 K&L Gates disclosed $60,000 in ByteDance lobbying income in each of the first two quarters of 2026.4748 It advised state-owned COSCO Shipping and Lianyungang Port on a Kazakh dry-port investment under the Belt and Road Initiative. It registered lobbying that documents Riot Games’ ownership chain to Tencent, and handled U.S. securities work for CDT Environmental Technology and Ruanyun Edai Technology.49505152 Barnes & Thornburg says it represents more than 100 Asian-owned companies. Its July 17, 2026 SEC-filed agreement with Ascentage Pharma names it as counsel on specified U.S. intellectual-property matters, in a transaction built on University of Michigan-licensed patents.5354 Williams Mullen Strategies was retained in 2007 by the Committee of 100, an American nonprofit, for a Washington initiative meant to improve American understanding of China.55

One firm can hold a public university’s internal investigation and a book of Chinese corporate business at the same time, and privilege covers both sets of work. FARA’s attorney exemption does not reach every activity a lawyer performs for a foreign principal.56 A public university could write its own condition into the engagement: disclosure of relevant clients, compensation and conflicts, with consents and confidentiality built in.

Graphic 02, Follow the Money: an editorial overview of federal research reductions, university budget choices, athletics commitments, and related funding decisions

Graphic 02 — Follow the Money. A sourced overview of the funding streams and institutional decisions discussed in this report; it is not a claim of dollar-for-dollar tracing. See 1234568910.

REALDIGS editorial graphic; supporting sources listed below.

The emulator trail

Williams Mullen represented China Space Sanjiang Group Company, Wuhan Sanjiang Import Export Co. and Aerospace Heavy Industry Limited in their 2015 federal trade-secret action against Liebherr. Firm attorneys George Bowles and William Stauffer appear on the docket.5758

In a prior REALDIGS investigation, The Everlasting Hack, it was revealed that Sanjiang Group entered a joint-venture through a company called 3JET with a Michigan company called CC&T Technologies. CC&T’s archived product page describes a Chinese-government laboratory using its configurable Internet emulator to evaluate voice-over-Internet products.596061 CC&T’s cofounder and chief executive from 1998 to 2001, Lionel Ni, held guest and adjunct appointments including Fudan, along with a visiting chair at Shanghai Jiao Tong.62

That specific technology was the basis of what today we call a VPN, or virtual private network. The Chinese-based commercial intrusion business that grew out of that specific exchange now sits in federal charging documents. DOJ’s March 5, 2025 case describes i-Soon brokering stolen data to buyers including government and military customers.63 In August 2026, DOJ and the FBI seized the QScan and QTRouter platforms operated by QTFY and Nanjing Xinjiuwei.64 The joint FBI, NSA and Cyber National Mission Force advisory documents more than 200 proof-of-concept exploits and scanning records spanning nearly a decade. Its targeting chronology includes HHS, NIH and a biotechnology company.65 Medical research and Americans’ personal data sit inside the same national-security file.

Readable source-page crop of the Justice Department August 2026 release on the seizure of QScan and QTRouter platforms

DOJ announced court-authorized seizures of the QScan and QTRouter platforms operated by QTFY and Nanjing Xinjiuwei. The release identifies targets including HHS and NIH and describes QScan as a vulnerability-scanning and exploitation platform and QTRouter as infrastructure used to conceal intrusion traffic.

U.S. Department of Justice, Office of Public Affairs, August 26, 2026; corrected August 28, 2026.

The companies on the law firms’ rosters are not the charged entities in these cases. But the rosters themselves do open a pathway, protected by attorney-client privilege and the lack of disclosure around foreign legal clients, for American attorneys to legally purchase unknowable amounts, types, and formats of personal data. This kind of insider access changes the game in the world of corporate, financial, and even personal secrets.

Partners abroad

UNC’s Section 117 filings through August 31, 2026 report six gifts or contracts with a China source location, totaling $1,812,116, and three Hong Kong gifts totaling $650,000. That is nine records and $2,462,116 combined, with some contracts running to 2034 or 2044. The names on the other side are blank in the filtered records, and the totals combine reporting years rather than annual receipts.6667

Inset 13: nine UNC-Chapel Hill Section 117 records attributed to China or Hong Kong through August 31, 2026

UNC-Chapel Hill appears in nine Section 117 records attributed to China or Hong Kong in the U.S. Department of Education workbook through August 31, 2026: six China records totaling $1,812,116 and three Hong Kong records totaling $650,000. The combined $2,462,116 spans multiple reporting years rather than a single year; foreign-source legal-name, government-name, and DBA fields are blank in all nine filtered rows, and contract end dates include 2034 and 2044. Sources: 6667.

REALDIGS editorial graphic from U.S. Department of Education Section 117 records and reporting guidance.

The programs behind those numbers are decades old. The China Health and Nutrition Survey began in 1989 and drew major NIH support from 1991 to 2004. Chinese collaborators then fully financed its expansion into three megacities in 2011 and three more provinces in 2015.6869 A 2018 China Scholarship Council agreement supports up to 35 PharmD and 25 PhD students over five years at the Eshelman School of Pharmacy.70 A 2019 exchange with Southern Medical University places up to eight visiting scholars a year on cardiac, imaging and cancer-treatment projects.71

Readable source-page crop of the UNC Eshelman School of Pharmacy message about its China Scholarship Council agreement

The Eshelman School dean's message reports a five-year China Scholarship Council agreement supporting up to 35 PharmD students and 25 PhD students and notes the arrival of the first three recipients. Those figures are program ceilings, not completed enrollment.

UNC Eshelman School of Pharmacy / Foundation and Alumni Affairs, September 12, 2018.

Readable source-page crop of UNC Project-China’s March 2023 visiting-scholars program page

UNC's Project-China page says its Southern Medical University visiting-scholar program was established in 2019 and accepts up to eight participants per academic year. It describes work in cardiac reprogramming, medical imaging and deep learning, and colorectal-cancer research involving nanolipid particles.

UNC Institute for Global Health and Infectious Diseases / UNC School of Medicine, March 28, 2023.

On August 12, 2026, Chancellor Roberts ended UNC’s Fudan undergraduate study-abroad agreement, following a Defense Department order for research-security audits. He said two unfunded collaborations would wind down after publication: Harbin Institute of Technology with Kenan-Flagler, and Shanghai Jiao Tong with the School of Data Science and Society.72

Inline source image of UNC’s August 2026 response concerning its Fudan agreement and two unfunded collaborations

UNC’s August 12, 2026 decision ending the Fudan study-abroad agreement and winding down two unfunded collaborations after publication 72.

UNC response dated August 26, 2026; source-page image retained separately from the Section 117 graphic.

Fudan is also where the medicine and the money meet. Sunwah Group chairman Jonathan Choi has been a Fudan trustee since 1997, funding life-sciences chairs and journalism, including a hall named for his 2004 donation. On May 29, 2025, Sunwah and the Choi-chaired Hong Kong Yangtze River Delta Entrepreneurs Alliance brought more than 40 health-industry entrepreneurs together with Fudan’s finance and biomedical-engineering schools. They discussed Chinese pharmaceutical companies’ prospects under changing international conditions, and the alliance signed cooperation agreements with both schools.73 Sunwah’s young-leaders network hosted a University of Hong Kong entrepreneurship manager on medical innovation in September 2024.74 HKU credits Sunwah Kingsway Capital Holdings with supporting its January 2026 Nobel Heroes Forum.75 Fudan and HKU are the two universities Hussman’s self-study names as the contacts it uses to arrange media-course visits.26

Graphic 01, Across the Pacific: an editorial relationship map of UNC programs, Fudan and Hong Kong institutions, Sunwah-linked networks, and the cited source trail

Graphic 01 — Across the Pacific. An editorial relationship map based on the cited materials in 2672737475; it does not by itself establish control or causation.

REALDIGS editorial graphic; source-page material credited in Visual Sources and Image Credits.

Is there need to formally investigate the investigators?

Carolina’s football backers, research institutes, investment funds, outside lawyers and media partners each hold an interest that runs past a coaching contract. Federal restructuring forces the university to choose which commitments survive. An investigation changes what it costs to keep one or end one, which is why the instructions given to the investigators carry as much weight as their findings.

The people deciding which commitments survive are the people who built the programs under federal pressure. Preyer established the NC Collaboratory and the risk institute, and consolidated 18 university budgets into one.1315 Lloyd directs the Foundation Investment Fund, cochaired the Campaign for Carolina, and came out of the medical-technology business that Chinese capital has been buying into.161718 Hussman’s international program runs on the Fudan and Hong Kong contacts its own accreditation self-study names.26 The three firms holding UNC’s investigation hold at least 26 Chinese corporate client groups behind the same privilege.46

That is the arrangement the investigation sits inside. Its scope, its instructions, its payer and its budget are held by institutions that would carry the loss if federal support shrank, and none of the four has been made public.367677

The account that explains the rest will come from someone who helped arrange the hire, reviewed the commitments or watched the investigation’s instructions take shape. It may come from an email written before anyone signed.

Footnotes

  1. 1. NIH — New Application Structure for NIH-Funded International Collaborations

    September 12, 2025. Replaces traditional foreign subawards with separately identified, linked awards and separate financial reporting. The notice cites failures in financial oversight and national-security concerns while continuing support for international collaboration. Reopened during dossier preparation.

    https://grants.nih.gov/grants/guide/notice-files/NOT-OD-25-155.html

  2. 2. UNC — 2025 Annual Comprehensive Financial Report

    Audited figures. Direct NIH awards $691.8 million in FY2024 and $636.3 million in FY2025, a decline of $55.5 million or roughly 8 percent. Federal grant-and-contract revenue $954.5 million in FY2024 and $988.7 million in FY2025. Overall increase in net position approximately $503 million. Awards and revenue measure different things: money awarded in an earlier year is recognized as revenue when it is spent, and the increase in net position includes restricted resources.

    https://finance.unc.edu/wp-content/uploads/sites/298/2025/12/2025-annual-comprehensive-financial-report.pdf

  3. 3. The Daily Tar Heel — Federal funding cuts and specific UNC losses

    118 terminated federal grants and approximately $38.4 million lost, dated September 16, 2025 and attributed to a UNC spokesperson. These terminations and the NIH annual-award decline may overlap and are not additive.

    https://dailytarheel.com/280107/investigations/investigations-federal-funding-cut-specific-losses/

  4. 4. UNC Finance and Operations — Update on the university's financial planning

    July 29, 2026. Nate Knuffman's message explains the original $70 million savings initiative and its expansion toward $90 million, discusses vacancies, attrition and potential position eliminations, and lists reinvestment priorities including faculty, laboratory renovations, STEM and artificial intelligence. Finance, HR and research administration move toward shared services; communications and IT pursue centralization.

    https://fo.unc.edu/news/2026/07/29/update-on-universitys-financial-planning-2026/

  5. 5. UNC Board of Trustees — January 2026 resolution on budget savings, administrative cost reductions and ServiceFirst

    PDF pages 1-2. Identifies athletics budget pressure alongside other university funding problems and directs $25 million in annual administrative reductions, including ServiceFirst and personnel actions.

    https://bot.unc.edu/wp-content/uploads/sites/160/2026/01/Resolution-Regarding-Budget-Savings-Progress-Admin-Cost-Reductions-and-ServiceFirst-Implementation_Jan_2026-Final.pdf

  6. 6. UNC Board of Trustees — July 29, 2026 Budget, Finance and Infrastructure Committee meeting book

    PDF pages 4-13 carry the administrative reduction and reinvestment plans, allocating $17.5 million to ServiceFirst savings and $7.5 million to other administrative staffing savings. Page 16 compares athletics employees earning at least $250,000: 19 in June 2019 and 27 in June 2026, adjusted for legislative salary increases. The same board packet places academic reinvestment, administrative reductions and athletics staffing together; it does not designate those employees as investigation subjects.

    https://bot.unc.edu/wp-content/uploads/sites/160/2026/07/July-29-2026-Budget-Finance-and-Infrastructure-Committee-Meeting-Book-PUBLIC-rev-072826.pdf

  7. 7. WRAL — Inside North Carolina's hiring of Bill Belichick

    December 18-19, 2025. Hiring chronology, the political contact chain, trustee interviews, Preyer's pursuit of Belichick through Michael Lombardi, Lloyd's quotation, and the credit Preyer and Lloyd gave Chancellor Roberts for completing the hire. Cunningham described the result as a shared hire.

    https://www.wral.com/news/investigates/northcarolina-inside-the-bill-belichick-hiring-process-coaching-carolina-december-2025/

  8. 8. UNC — Fiscal Year 2026-27 Annual Operating Budget

    Printed pages 10 and 49; letters from Chancellor Roberts and Nate Knuffman on PDF pages 4-7. Athletics projects $175.115 million in revenue, $183.537 million in expenses and $8.803 million in positive net transfers. These are budget figures for a different year than the FY2025 NCAA report and should not be merged with it; the table does not identify sending units.

    https://budget.unc.edu/wp-content/uploads/sites/1415/2026/08/2026-annual-operating-budget-book.pdf

  9. 9. UNC — NCAA Membership Financial Report, FY2025

    The latest complete report identified, covering a fiscal year that ended before Belichick's first season. Football $63.34 million revenue against $49.15 million allocated expenses; men's basketball $39.74 million against $16.81 million; the department $172.95 million against $187.97 million, a difference of -$15.02 million. The report records $0 in both transfers-to-the-institution categories. Campus charges and athletic scholarships are separate expense lines; these are NCAA reporting definitions, not an unrestricted transfer of football profit to academic departments.

    https://goheels.com/documents/download/2026/2/3/NCAAMembershipFinancialReport2025.pdf

  10. 10. UNC Athletics — Bubba Cunningham, Changes in College Athletics and the Impact on Carolina

    November 20, 2024. Cunningham publicly acknowledges university support for athletics, including transfers and postponed or forgiven facility-debt payments. The support predates the 2025 federal research cuts.

    https://goheels.com/news/2024/11/20/general-cunningham-changes-in-college-athletics-and-the-impact-on-carolina

  11. 11. Inside Carolina / On3 — Interview with John Preyer

    August 28, 2025. Preyer's own account of pressing to include Belichick, bringing Rams Club members into the interview, his concern that completing the search would cost UNC the opportunity, and the compensation information sent to Lombardi.

    https://www.on3.com/teams/north-carolina-tar-heels/news/john-preyer-bill-belichick-unc-board-of-trustees/

  12. 12. Peter Hans — Temporary Suspension of Authority Regarding Athletic Operations at UNC-Chapel Hill

    January 16, 2025. Two-page memorandum to John Preyer, then chair of the Board of Trustees, and Chancellor Lee Roberts. Requires written presidential approval for specified athletics hiring and salary actions, for athletic-director and head-coach contracts before board approval, and for athletics contracts worth at least $29,000. Hans cites trustees acting independently of campus administration and the legal and financial risks of unclear authority in third-party negotiations, and references an earlier Chapel Hill intervention dated January 12, 2024. The restrictions applied to the board rather than to named individuals, and the memo predates the January 20, 2025 change of federal administration and its later research-funding cuts.

    https://www.theassemblync.com/wp-content/uploads/2025/02/HansJanuary16Memo.pdf

  13. 13. UNC — John Preyer resigns from the UNC-Chapel Hill Board of Trustees

    January 15, 2026, effective January 9. Credits Preyer with helping establish the NC Collaboratory in 2016, which by this account had directed more than $250 million appropriated by the General Assembly into university research; with helping found the Institute for Risk Management and Insurance Innovation alongside Greg Characklis and Tony Ursano with more than $8 million in corporate support; and, as a trustee budget-committee leader, with helping secure a consolidated university budget replacing 18 separate budgets.

    https://www.unc.edu/posts/2026/01/15/john-preyer-resigns-from-unc-chapel-hill-board-of-trustees/

  14. 14. NC Collaboratory — COVID-19 Research Initiative interim progress report

    September 1, 2020. The Collaboratory received $29 million in federal CARES Act funding through the North Carolina legislature. Printed pages 27-28 list three projects with Ralph Baric as lead researcher: Antiviral Accelerator, Basic-Emerging CoV Vaccine Development, $465,505; High-Throughput Equipment, $1,605,928; and Rapidly Emerging Antiviral Drug Discovery Initiative, READDI #1, $702,095. The sum, $2,773,528, is calculated from those entries. The report is a record of project budgets and does not identify Preyer as an award selector.

    https://collaboratory.unc.edu/wp-content/uploads/sites/476/2020/09/collaboratory-covid-19-interim-progress-report.pdf

  15. 15. UNC Research — Announcing the Institute for Risk Management and Insurance Innovation

    August 8, 2024. Institutional announcement of the institute's founding, its more than $8 million in corporate support, and a research remit covering financial risks including extreme weather and cybersecurity. It links a trustee, a Gillings School of Global Public Health academic and an insurance executive.

    https://research.unc.edu/2024/08/08/announcing-the-institute-for-risk-management-and-insurance-innovation/

  16. 16. Morehead-Cain — Jennifer Halsey Evans '94 profile

    2020 profile. Identifies diabetes-device company Companion Medical as her principal portfolio investment alongside investments in other medical fields, and describes her cofounding of Asante Partners and her Goldman Sachs healthcare investment-banking career. Lloyd is identified in earlier sources as Jennifer Halsey Evans.

    https://www.moreheadcain.org/blog/jennifer-halsey-evans-94-on-why-losing-an-election-in-college-was-one-of-the-best-things-that-happened-to-me/

  17. 17. UNC-Chapel Hill Board of Trustees — Trustee biographies

    Institutional roster, read September 5, 2026. Identifies Jennifer Lloyd's healthcare investment-banking career, her role as a director of the UNC Foundation Investment Fund and her former cochairship of the Campaign for Carolina. The $5 billion campaign total is carried forward from the prior draft and was not verified against this page.

    https://bot.unc.edu/

  18. 18. UNC Lineberger — University Cancer Research Fund FY2021 report

    Printed pages 9 and 104. Varian Medical Systems sponsored Andrew Wang's project on radiation-guided innate immunotherapy with dual-immunotherapy nanoparticles, project period August 2020-August 2022. The report's methodology states that funding figures represent one year, so $152,670 is not the complete multiyear award. No record locates Lloyd arranging the award or benefiting from it.

    https://unclineberger.org/wp-content/uploads/sites/867/2023/10/UCRF-FY21-Report.pdf

  19. 19. Chapelboro — Steve Newmark proposes entity to handle athletic revenue; Board of Trustees tables discussion

    August 11, 2026. A proposed wholly UNC-owned company to consolidate athletics' commercial activities, tabled pending a finalized operating agreement. The published account does not identify outside equity owners or distributions to academic programs.

    https://chapelboro.com/sports/steve-newmark-proposes-entity-to-handle-athletic-revenue-board-of-trustees-tables-discussion

  20. 20. UNC Board of Trustees — August 11, 2026 special Governance Advisory Committee meeting book

    The public packet lists the athletics associated-entity discussion. The operating agreement is not included.

    https://bot.unc.edu/wp-content/uploads/sites/160/2026/08/August-11-2026-Special_Meeting-of-the-Governance-Advisory-Committee-Meeting-Book-PUBLIC.pdf

  21. 21. UNC Hussman — James F. Goodmon honorary-degree profile

    April 16, 2018. Records Capitol Broadcasting and WRAL support for the Goodmon Studio, shared fellowship training, and A. J. Fletcher Foundation assistance with Carroll Hall.

    https://hussman.unc.edu/news/longtime-hussman-school-benefactor-james-f-goodmon-to-receive-honorary-degree-at-uncs-2018-commencement

  22. 22. WRAL — 2026 CBC-UNC News Media Multiplatform Fellowship

    March 25-26, 2026. The annual joint program places about a dozen student journalists, corroborating the continuing WRAL-UNC training relationship.

    https://www.wral.com/news/local/wral-unc-chapel-hill-news-media-multiplatform-fellowship-2026/

  23. 23. UNC Hussman — 2024 North Carolina Media and Journalism Hall of Fame honorees

    Capitol Broadcasting became the first corporate inductee in 2024. The induction event raises money for the journalism school.

    https://hussman.unc.edu/news/nc-media-journalism-hall-of-fame-announces-2024-honorees

  24. 24. UNC Hussman — Volunteer leaders

    Board roster read September 5, 2026. Steve Hammel serves on the Board of Advisers and David Crabtree on the Foundation Board; both are former WRAL leaders.

    https://hussman.unc.edu/alumni/volunteer-leaders

  25. 25. UNC Hussman — Visiting International Scholars Program

    Current program page: approximately 20-30 participants, traditionally drawn mostly from China and Korea, at $3,000 per semester. No China-only revenue figure is calculated from this.

    https://hussman.unc.edu/visiting-international-scholars-program

  26. 26. UNC Hussman — 2019-2020 ACEJMC accreditation self-study

    PDF page 75, printed 3-18: the International Media Markets course and the Fudan and University of Hong Kong contacts, alumni and visiting scholars used to arrange media-course visits involving Lenovo, CCTV and China.org.cn. PDF page 162 records the CBC-UNC fellowship. The original document misspells Fudan as 'Fundan'.

    https://tarheels.live/unchussmanselfstudy20192020/wp-content/uploads/sites/117/2020/09/2019-2020-UNC-Hussman-ACEJMC-Self-Study.pdf

  27. 27. New England Patriots — News Blitz, September 14, 2007

    The team's own account of the penalties against the Patriots and Belichick for sideline videotaping and of the ensuing media coverage.

    https://www.patriots.com/news/patriots-com-news-blitz-9-14-2007-138531

  28. 28. NFL — Statement on Patriots violations

    May 11, 2015. The penalties included a $1 million fine and the loss of two draft picks.

    https://www.nfl.com/news/nfl-releases-statement-on-patriots-violations-0ap3000000492190

  29. 29. Bill Belichick — Press conference transcript

    November 2, 2016. Belichick identifies Lombardi as his former assistant and describes his two years with New England.

    https://www.patriots.com/news/bill-belichick-press-conference-transcript-11-2-277926

  30. 30. NFL — Wells report released on footballs used in AFC title game

    May 6, 2015.

    https://www.nfl.com/news/wells-report-released-on-footballs-used-in-afc-title-0ap3000000491385

  31. 31. Second Circuit — NFL Management Council v. NFL Players Association

    April 25, 2016. Restored the arbitration award imposing Tom Brady's four-game suspension. Printed page 6, footnote 3, states that the Wells investigation did not establish other Patriots personnel's participation or knowledge. The court reviewed the arbitrator's authority and the fairness of the process rather than independently determining participation.

    https://law.justia.com/cases/federal/appellate-courts/ca2/15-2801/15-2801-2016-04-25.html

  32. 32. WRAL — Coaching Carolina documentary and transcript

    December 2025. The documentary follows the Rubio-Tillis-Berger-Preyer contact chain and questions Preyer about trustee intervention and the subsequent restriction of board authority. No reviewed source establishes that Capitol Broadcasting executives, Hussman or foreign partners directed the coverage.

    https://www.wral.com/archive/22285980/

  33. 33. WRAL — Coaching Carolina production announcement

    Identifies investigative reporter Cristin Severance and photojournalist Dwayne Myers working with WRAL Investigates and the sports team, and the documentary's emphasis on hiring maneuvering and football investment.

    https://www.wral.com/news/investigates/unc-bill-belichick-hire-documentary-dec-2025/

  34. 34. The Daily Tar Heel — SCiLL records-lawsuit hearing

    Camden represented UNC in opposing disclosure of the School of Civic Life and Leadership investigation report. WRAL was among the media organizations seeking it.

    https://dailytarheel.com/478542/university/university-dth-scill-lawsuit-aug-hearing/

  35. 35. WRAL — Lombardi out as UNC general manager; legal-records requests

    September 3, updated September 4, 2026. Interview allegations, the resignation, contract consequences, and WRAL's request for UNC's agreements and payments involving Nate Huff, McNair Nichols and Wes Camden. The report does not attach the agreements or establish that the requests were denied. Individual compensation, partnership distributions and UNC billing rates were not disclosed in the sources located. Investigative questions are not findings.

    https://www.wral.com/sports/north-carolina-lombardi-out-general-manager-tar-heels-september-2026/

  36. 36. WRAL — UNC hires outside lawyers to assist Michael Lombardi investigation

    August 2026. Reports UNC's announced arrangements: the Office of University Counsel leading, Huff and Nichols investigating, Camden advising, and the university's statement that public funds would not pay the outside lawyers. The cited public information does not identify the payment account or the ultimate payer, and does not establish a directive from UNC System President Peter Hans.

    https://www.wral.com/sports/north-carolina-tar-heels-michael-lombardi-investigation-hires-outside-lawyers-to-assist-august-2026/

  37. 37. The Assembly — UNC-Chapel Hill retains law firm to investigate football program

    Supplied source for the roles of Huff, Nichols, Camden and General Counsel Paul Newton.

    https://www.theassemblync.com/news/education/higher-education/unc-chapel-hill-retains-law-firm-to-investigate-football-program/

  38. 38. Barnes & Thornburg — Firm welcomes 12-lawyer team in key expansion of healthcare industry practice

    2026 firm announcement naming Huff and Nichols among the incoming lawyers who moved from K&L Gates.

    https://btlaw.com/en/insights/news/2026/barnes-thornburg-welcomes-12-lawyer-team-in-key-expansion-of-healthcare-industry-practice

  39. 39. Barnes & Thornburg — Nathan Huff biography

    Raleigh-based partner, former federal prosecutor and retired Army Reserve lieutenant colonel. BA in political science, Wake Forest, 2001; JD, Catholic University, 2004. Army Judge Advocate General's Corps, federal prosecutions in eastern North Carolina, Phelps Dunbar in 2014, K&L Gates in 2022, Barnes & Thornburg in 2026. Practice covers healthcare litigation, internal investigations, government investigations and constitutional litigation, with client categories including hospitals, universities, academic medical centers, life-sciences companies, legislatures and political committees.

    https://btlaw.com/en/people/nathan-huff

  40. 40. The Assembly — The politically connected law firm leading the civics-school investigation

    Supplied source for Huff's role leading UNC's investigation of the School of Civic Life and Leadership.

    https://www.theassemblync.com/allaccess/the-politically-connected-law-firm-leading-civics-school-investigation/

  41. 41. The Assembly — UNC civics-school report spurs recriminations and resolutions

    April 2026. Describes an email from Nichols concerning the investigators' interview with former provost Chris Clemens, establishing his participation in the SCiLL investigation.

    https://www.theassemblync.com/news/education/higher-education/unc-civics-school-report-spurs-recriminations-resolutions/

  42. 42. Chris Clemens v. UNC — Joint status report

    March 9, 2026. John Preyer and Jennifer Lloyd appear as defendants in their official trustee capacities on the first page; Williams Mullen's Wes Camden, Lauren Fussell and Lewis Hallowell appear as counsel on the signature page. The representation is expressly tied to the defendants' official capacities and is not evidence of personal representation in research-funding matters.

    https://www.carolinajournal.com/wp-content/uploads/2026/03/unc-clemens-030926.pdf

  43. 43. Berger and Moore Medicaid complaint, January 13, 2017

    Case 5:17-cv-00025-FL. Page 20 of the signature page identifies Huff of Phelps Dunbar as Local Civil Rule 83.1 counsel for plaintiffs Phil Berger and Tim Moore. This verifies the attorney-client relationship without adopting the complaint's allegations as findings.

    https://ncnewsline.com/wp-content/uploads/2017/01/Lawsuit.pdf

  44. 44. North Carolina Court of Appeals — Rural Empowerment Association for Community Help v. State, 2021-NCCOA-693

    Filed December 21, 2021. Page 1 identifies Huff of Phelps Dunbar as counsel for legislative leaders Timothy K. Moore and Philip E. Berger, and the opinion affirms dismissal of the facial constitutional challenge to the 2017-18 Right to Farm Act amendments restricting civil nuisance claims and damages. The background discusses litigation against Murphy-Brown, a wholly owned Smithfield Foods subsidiary. The proceeding addressed civil liability; it did not approve land purchases or decide a criminal prosecution.

    https://www.calt.iastate.edu/files/inline-files/rural_empowerment_association_for_community_help_v_north_carolina.pdf

  45. 45. GOPAC defense pleading, 2025

    Supplied source identifying Huff as counsel for GOPAC Inc. in a 2025 defamation case. A pleading is a representation record, not an adopted allegation.

    https://dailyhaymaker.com/wp-content/uploads/2025/04/defendantdismiss.pdf

  46. 46. REALDIGS compilation — law-firm client roster, September 2001 to September 2026

    A documented minimum assembled from the filings, firm announcements, court records and patent and trademark databases listed in the footnotes and additional resources below. It counts 26 corporate client groups and one named Chinese national across Williams Mullen, Barnes & Thornburg and K&L Gates, or 28 groups including two companies classified separately for documented Chinese minority investment. Related subsidiaries are grouped. The firms' full client lists are not public, several entries rest on patent or trademark databases whose underlying attorney records were not individually checked, and an identified historical representation does not establish a continuing engagement or that Huff, Nichols or Camden personally worked on any of these matters.

    This source summary is documented by notes 47 through 55; note 46 has no single URL because it summarizes the full set.

  47. 47. K&L Gates / ByteDance — 2026 Q1 federal lobbying disclosure

    Federal disclosure reporting $60,000 in lobbying income for the quarter. This is a firm-level engagement and a disclosure amount for the period, not the firm's total legal fees from ByteDance.

    https://lda.gov/filings/public/filing/d12d5af7-99f3-42ab-b10e-dca3bcde3137/print/

  48. 48. K&L Gates / ByteDance — 2026 Q2 federal lobbying disclosure

    Federal disclosure reporting $60,000 for the quarter, $120,000 across the two quarters.

    https://lda.gov/filings/public/filing/16cc83de-b594-4b4f-943c-07da3f995b6a/print/

  49. 49. K&L Gates — Firm advises COSCO Shipping and Lianyungang Port on Kazakhstan investment

    June 22, 2017. Describes the Chinese state-owned-enterprise acquisition of an interest in Kazakhstan's Khorgos dry port as part of the Belt and Road Initiative. COSCO and co-client Lianyungang Port Holdings Group are counted as separate client groups.

    https://www.klgates.com/KL-Gates-Advises-Chinese-SOE-COSCO-Shipping-and-Lianyungang-Port-on-Kazakhstan-Investment-Part-of-Belt-and-Road-Initiative-06-22-2017

  50. 50. K&L Gates / Riot Games — 2021 federal lobbying registration

    Registration covering technology policy, privacy, data security and content moderation. It documents the ownership chain from Riot Games to Tencent; Riot and Tencent are counted as one group.

    https://lda.gov/filings/public/filing/2c86239e-48f4-4c88-86aa-8c0a5147becd/print/

  51. 51. K&L Gates / CDT Environmental Technology — March 2026 SEC correspondence

    IPO and securities representation for CDT's Shenzhen operating group across the 2023-2026 range; the March 2026 correspondence is the dated source.

    https://www.sec.gov/Archives/edgar/data/1793895/000173112226000352/filename1.htm

  52. 52. K&L Gates / Ruanyun Edai Technology — 2026 SEC registration filing

    IPO and U.S. securities-law representation in the 2025-2026 period.

    https://www.sec.gov/Archives/edgar/data/1873454/000173112226000879/e7734_f-1a.htm

  53. 53. Barnes & Thornburg — Chinese Services practice page

    The firm states that it represents more than 100 Asian-owned companies, including companies based in China. That is an Asian-client figure rather than a count of Chinese clients. Listed services include government incentives, acquisitions, real estate, intellectual property, litigation and immigration.

    https://btlaw.com/en/work/practices/global-services/chinese-services

  54. 54. Ascentage Pharma — SEC-filed sales agreement

    July 17, 2026, section 4(q)(ix)-(xi). Names Barnes & Thornburg as counsel on specified U.S. intellectual-property matters and identifies University of Michigan-licensed patents. This is a separate institution's transaction, not a UNC award, and it is the strongest dated recent relationship in the Barnes & Thornburg roster.

    https://www.sec.gov/Archives/edgar/data/2023311/000121390026079362/ea029837201ex1-2.htm

  55. 55. Committee of 100 — Official historical highlights

    2007 entry, PDF page 2: the organization retained Williams Mullen Strategies for its Washington Engagement Initiative, intended to improve American understanding and perceptions of China. Committee of 100 is an American nonprofit and is excluded from the Chinese-company and Chinese-national count.

    https://www.committee100.org/wp-content/uploads/2013/07/C-100-Highlights-English-13AUG2013.pdf

  56. 56. U.S. Department of Justice — Foreign Agents Registration Act frequently asked questions

    Current official explanation of the attorney exemption and of political activities. The disclosure condition described in the article is editorial policy analysis, not a finding that any firm named here must register under FARA.

    https://www.justice.gov/nsd-fara/frequently-asked-questions

  57. 57. China Space Sanjiang Group Company et al. v. Liebherr Mining & Construction Equipment, Inc. — federal docket

    Filed June 15, 2015. Identifies China Space Sanjiang Group Company, Wuhan Sanjiang Import Export Co. and Aerospace Heavy Industry Limited as plaintiffs and Williams Mullen attorneys including George Bowles and William Stauffer. The matter concerned a mining-truck design and a trade-secret dispute. The three companies are preserved by name and counted as one corporate group; the source does not attribute this work to Wes Camden.

    https://dockets.justia.com/docket/virginia/vaedce/4:2015cv00057/321888

  58. 58. MiningDigital — Liebherr Mining settles lawsuit over copycat allegations

    Corroborates George Bowles's filing through Williams Mullen. Used to identify representation, not to adopt disputed allegations.

    https://miningdigital.com/digital-mining/liebherr-mining-settles-lawsuit-over-copycat-allegations

  59. 59. The Everlasting Hack — earlier REALDIGS research and recovered 3JET references

    The supplied Chinese business-registration document supports the historical Sanjiang-3JET relationship, and the REALDIGS article PDF of November 22, 2025, pages 9-12, preserves the earlier corporate and EMIP references. The archived company-profile page did not reopen during verification; its locator is retained alongside the registration evidence.

    https://web.archive.org/web/19991014000147/http://www.3jet.com/companyeng.htm

  60. 60. CC&T Technologies — Products and technology, archived April 14, 2001

    Primary product description: configurable EMIP network emulation, and a Chinese-government laboratory using it to evaluate voice-over-Internet products. The page does not characterize EMIP as an espionage tool.

    https://web.archive.org/web/20010414075959/http://cctt.com/prod_tech.htm

  61. 61. 3JET — EMIP news, archived August 29, 1999

    Recovered historical source underlying The Everlasting Hack. The archive did not reopen during verification; retained as a source locator.

    https://web.archive.org/web/19990829153134/http://www.3jet.com/news7.htm

  62. 62. HKUST — Lionel M. Ni biographical sketch

    University biography identifying Ni as CC&T cofounder and chief executive from 1998 to 2001, a Michigan State professor from 1981 to 2002, and the holder of guest or adjunct positions including Fudan, along with a Shanghai Jiao Tong visiting chair. It establishes historical appointments rather than current status. HKUST, which hosts the page, is a separate institution from the University of Hong Kong.

    https://www.cse.ust.hk/~ni/biography.html

  63. 63. U.S. Department of Justice — Twelve Chinese contract hackers and law-enforcement officers charged

    March 5, 2025. Describes compromised accounts, the sale of stolen information and i-Soon's role brokering stolen data to buyers including government and military customers. These are charging allegations, not convictions.

    https://www.justice.gov/opa/pr/justice-department-charges-12-chinese-contract-hackers-and-law-enforcement-officers-global

  64. 64. U.S. Department of Justice — Seizure of the QScan and QTRouter platforms

    August 26, corrected August 28, 2026. Identifies QTFY and Nanjing Xinjiuwei, their customers and their targets. The seizures were court-authorized on affidavit allegations.

    https://www.justice.gov/opa/pr/justice-department-and-fbi-seize-platforms-operated-and-used-china-state-sponsored-hackers

  65. 65. FBI, NSA and Cyber National Mission Force — QTFY joint cybersecurity advisory

    August 26, 2026, particularly printed pages 6-11. Describes more than 200 proof-of-concept exploits, scanning records spanning nearly a decade, and a targeting and exploitation chronology involving HHS, NIH and a biotechnology company. QScan identified and exploited vulnerable devices; QTRouter routed intrusion traffic through compromised equipment.

    https://www.ic3.gov/CSA/2026/260826.pdf

  66. 66. U.S. Department of Education — Section 117 foreign gift and contract public records through August 31, 2026

    Filtered on institution ID 00297400, UNC-Chapel Hill only, not NC State or the UNC System. Six gifts or contracts with a China source location totaling $1,812,116 and three Hong Kong gifts totaling $650,000, nine records and $2,462,116 combined. The amounts combine reporting years and multiyear gifts or contracts and are not annual receipts; some contracts extend to 2034 or 2044. Counterparty names were blank in the filtered records, and the figures identify reported source locations without identifying a funding organization.

    https://www.foreignfundinghighered.gov/prior_data/Section117PublicRecordscompletethrough08-31-2026.xlsx

  67. 67. U.S. Department of Education — Section 117 foreign gift and contract reporting guidance

    Official guidance. Institution-reported data and reporting thresholds limit completeness.

    https://fsapartners.ed.gov/knowledge-center/topics/section-117-foreign-gift-and-contract-reporting

  68. 68. China Health and Nutrition Survey — Funding

    Official history identifying major NIH support from 1991 to 2004 alongside contributions from Chinese public-health institutions.

    https://chns.cpc.unc.edu/about/proj-desc/funding/

  69. 69. China Health and Nutrition Survey — Project overview

    The survey began in 1989. Chinese collaborators fully financed its expansion into three megacities in 2011 and three additional provinces in 2015. UNC's separate project profile gives January 1989-May 2026 as the project period.

    https://chns.cpc.unc.edu/

  70. 70. UNC Eshelman School of Pharmacy — Dean's message, Eshelman Insider

    Published September 12, 2018. A China Scholarship Council agreement supports up to 35 PharmD and 25 PhD students over five years; the dean reports the arrival of the first three recipients. The supported places are ceilings, not completed enrollment.

    https://faopharmacy.unc.edu/eshelman-insider-august-2018/

  71. 71. UNC Project-China — Visiting scholars share their experiences

    March 28, 2023. A Southern Medical University exchange established in 2019 with up to eight placements annually. Named projects include cardiac reprogramming, medical imaging and deep learning, and colorectal-cancer treatment using nanolipid particles.

    https://globalhealth.unc.edu/2023/03/unc-project-chinas-visiting-scholars-share-experiences-as-program-prepares-for-fourth-cohort/

  72. 72. The Daily Tar Heel — UNC ends Fudan partnership following research-security scrutiny

    August 28, 2026. Reports Chancellor Roberts's letter and the August 12 decision ending the Fudan undergraduate study-abroad agreement. The two unfunded projects involved Harbin Institute of Technology at UNC Kenan-Flagler and Shanghai Jiao Tong University at the UNC School of Data Science and Society. Roberts said neither involved federal funding, proprietary data or technology, or national-security concerns, and that both would end after publication. The embedded letter was not separately readable, and these decisions do not establish termination of all UNC-Fudan activity.

    https://dailytarheel.com/479766/university/unc-ends-partnership-with-chinese-university-following-department-of-defense-order-for-research-security-audits/

  73. 73. Fudan University Education Development Foundation — Sunwah cooperation and donation agreements

    May 30, 2025 account of May 29 events. Jonathan Choi has been a Fudan trustee since 1997; his gifts supported life-sciences chairs and journalism, including a hall named after his 2004 donation. The renewed cooperation covers journalism, finance, life sciences and other fields. A closed-door seminar joined Sunwah, the Choi-chaired Hong Kong Yangtze River Delta Entrepreneurs Alliance and Fudan's finance and biomedical-engineering schools with more than 40 health-industry entrepreneurs, and the alliance signed memoranda of understanding with both schools.

    https://fuedf.fudan.edu.cn/35/ea/c29767a734698/page.htm

  74. 74. Sunwah Global Young Leaders Network — Hong Kong innovation trip, 2024

    The organizer's firsthand account of a September 25, 2024 session at Sunwah's Hong Kong headquarters with University of Hong Kong entrepreneurship-education senior manager Yahsin Shen, discussing the startup environment and medical innovation. A separate HKUST visit is a different event.

    https://sunwah-gyln.com/sunwah-gyln-innovation-trip-to-hong-kong-2024/

  75. 75. University of Hong Kong — Nobel Heroes Forum

    January 12, 2026. HKU credits Sunwah Kingsway Capital Holdings and two other companies with supporting the forum on science, health and the economy. No contribution amount is disclosed.

    https://lead.hku.hk/en/article/2026/01/hku-co-hosts-the-nobel-heroes-forum-shaping-science-and-futureconvene-world-leading-minds-to-forge-next-era-of-discovery/

  76. 76. UNC-Chapel Hill Public Records Office — NextRequest portal

    The homepage policy, reconfirmed during dossier preparation, states that documents responsive to requests are shared solely with the requestor. Requests themselves are publicly available, so a public request listing does not mean the responsive records are public downloads. The live request-search interface did not load, so the prior search of the request log was incomplete.

    https://nextrequest.unc.edu/

  77. 77. UNC System Office — Public-records requests

    A separate custodian for President Hans's correspondence, approvals and instructions. A search confined to the Chapel Hill portal would not exhaust records held by his office.

    https://www.northcarolina.edu/offices-and-services/legal-affairs/public-records-requests/

Additional Resources

These entries continue the numbered source list at 78–115 and are not cited as footnotes in the article body.

  1. 78. UNC Faculty Athletics Committee — Committee repository

    Searched for investigation documents. No inquiry documents were attached in the review.

    https://facultygov.unc.edu/committees/elected-committees/athletics-committee/

  2. 79. UNC Faculty Council — September 4, 2026 meeting page

    No inquiry documents attached. The meeting video was not reviewed.

    https://facultygov.unc.edu/2026-27-faculty-council-meetings/september-4-2026/

  3. 80. TarHeel247 — Lombardi administrative-leave discussion, page 6

    Message board. The accessible page referred to reporting; no primary inquiry document was found. A separate outside-counsel thread required VIP access.

    https://247sports.com/college/north-carolina/board/102711/contents/lombardi-placed-on-administrative-leave-pending-investigation-288535226/?page=6

  4. 81. The Assembly — UNC-Chapel Hill trustees and the athletics-governance dispute

    Covers Preyer, Lloyd, Cunningham and Hans's board-wide action. The reporting does not establish that Hans individually disciplined Lloyd, and his office declined to identify particular trustees or incidents.

    https://www.theassemblync.com/news/education/higher-education/unc-chapel-hill-trustees-athletics/

  5. 82. WRAL — Coaching-search reporting, December 9, 2024

    An unnamed senior administrator's complaint that trustee involvement confused and prolonged a search that would otherwise have concluded. The administrator was not publicly identified.

    https://www.wral.com/sports/archive/21761237/

  6. 83. CBS Sports — Inside North Carolina's fractured coaching search

    Reports competing searches. UNC denied that account and said Roberts and Cunningham remained aligned; both accounts are retained.

    https://www.cbssports.com/college-football/news/inside-north-carolinas-fractured-coaching-search-that-ended-with-bill-belichick/

  7. 84. ABC11 — Belichick contract details and UNC football investment

    December 2024 interview in which Lloyd supported increased football investment on the rationale that athletic success engages alumni and strengthens fundraising across the university.

    https://abc11.com/post/bill-belichick-unc-contract-details-released-showing-tar-heels-significant-monetary-commitment-football-coach/15647886/

Trustees and university bodies

  1. 85. UNC — John P. Preyer elected chair of the UNC-Chapel Hill Board of Trustees

    September 7, 2023. Institutional biography.

    https://www.unc.edu/posts/2023/09/07/john-p-preyer-elected-chair-of-unc-chapel-hill-board-of-trustees/

Investigators and counsel: career record

  1. 86. Barnes & Thornburg — McNair Nichols biography

    BA, Wheaton College, 2014; JD, Washington and Lee, 2017, magna cum laude and law-review editor-in-chief; clerkship for Judge Eric Bruggink, U.S. Court of Federal Claims. Practice covers regulatory enforcement and internal investigations for financial-services companies, technology businesses, universities, healthcare organizations and government contractors, including SEC, FINRA, DOJ and state investigations involving securities, accounting, cryptocurrency and False Claims Act matters, plus pro bono federal habeas and wrongful-conviction work.

    https://btlaw.com/en/people/mcnair-nichols

  2. 87. K&L Gates — Firm names more than 25 new partners across the firm, January 6, 2026

    Nichols's promotion to partner effective January 1, 2026, weeks before the move to Barnes & Thornburg.

    https://www.klgates.com/KL-Gates-Names-More-Than-25-New-Partners-Across-Firm-1-6-2026

  3. 88. U.S. Department of Justice, Eastern District of North Carolina — press record, December 13, 2012

    Contemporaneous government record of Huff's federal-prosecutor work.

    https://www.justice.gov/archive/usao/nce/press/2012/2012-dec-13.html

  4. 89. North Carolina Court of Appeals — 2026 opinion 25-785

    May 2026 appellate opinion identifying Huff as counsel for Rex Hospital, a UNC-affiliated healthcare interest.

    https://law.justia.com/cases/north-carolina/court-of-appeals/2026/25-785.html

  5. 90. January 2017 motion in the Medicaid-expansion litigation

    The originally cited filing. Direct web access failed during the bounded check; the indexed search result names Huff.

    https://ncnewsline.com/wp-content/uploads/2017/01/motion-to-vacate.pdf

  6. 91. Williams Mullen — Wes J. Camden biography

    Raleigh-based partner in white-collar defense, internal investigations, institutional crises and litigation. BS, Belmont University, 2000; JD, Wake Forest, 2004; clerkship for federal Judge Terrence Boyle, 2004-05; assistant U.S. attorney in eastern North Carolina; president of the Federal Bar Association's Eastern District of North Carolina chapter, 2012-13.

    https://www.williamsmullen.com/people/wes-j-camden

  7. 92. Brooks Pierce — Wes Camden and Ben Norman become partners

    Earlier private-practice stage in Camden's career.

    https://www.brookspierce.com/news-Wes-Camden-and-Ben-Norman-Become-Partners-in-Brooks-Pierce

  8. 93. Williams Mullen — Wes Camden and Caitlin Poe strengthen the firm's white-collar practice, April 26, 2019

    Distributed release for Camden's 2019 move to Williams Mullen.

    https://www.globenewswire.com/news-release/2019/04/26/1810698/0/en/wes-camden-and-caitlin-poe-strengthen-williams-mullen-s-white-collar-practice.html

  9. 94. Carolina Journal — Judge orders UNC trustees to preserve records in Signal case

    Camden's representation of UNC and its trustees in the Clemens litigation over trustee communications, including the dispute reported as involving Signal records.

    https://www.carolinajournal.com/judge-orders-unc-trustees-to-preserve-records-in-signal-case/

Public-records litigation

  1. 95. U.S. Right to Know v. UNC — defendants' initial brief

    Coronavirus-research public-records dispute. Signature pages 41-42 name James Doggett and Elizabeth Jenkins of the attorney general's office and UNC attorney Marla Bowman. The file is hosted in an August 2025 upload directory and the filename encodes 063025. Huff, Nichols and Camden are not named on those signature pages.

    https://usrtk.org/wp-content/uploads/2025/08/USRTK-v-UNC-Defendants-Initial-Brief-063025.pdf

Williams Mullen: further client and practice relationships

  1. 96. Zhejiang Aideshen Pearl Technology — trademark owner and counsel listing

    Secondary trademark database. Continuing engagement is unconfirmed.

    https://www.trademarkia.com/owners/zhejiang-aideshen-pearl-technology-co-ltd

  2. 97. EDISON trademark, serial 79425522

    Records list Edward T. White of Williams Mullen as attorney or correspondent; registration reported June 16, 2026. This is a secondary record rather than independent USPTO verification.

    https://www.trademarkia.com/edison-79425522

  3. 98. Williams Mullen — Labor, Employment and Immigration practice

    Describes representing Chinese nationals working in the United States on travel and visa matters, and obtaining green cards for management of Chinese-owned U.S. companies. The descriptions supply no names, dates or count.

    https://www.williamsmullen.com/services/practice/labor-employment-immigration

  4. 99. Williams Mullen — Foreign Direct Investment practice

    Anonymous practice examples; no client names or count.

    https://www.williamsmullen.com/services/practice/foreign-direct-investment-fdi

  5. 100. Epic Games v. Nreal — federal court opinion

    2022 trademark litigation; the representation source for Epic Games.

    https://caselaw.findlaw.com/court/us-dis-crt-e-d-nor-car-wes-div/2167600.html

  6. 101. Unreal Engine — Tencent makes strategic investment in Epic Games

    Supports classifying Epic as a minority-invested client rather than a Tencent-controlled company.

    https://www.unrealengine.com/blog/tencent-makes-strategic-investment-in-epic-games

Barnes & Thornburg: further client relationships

  1. 102. Barnes & Thornburg — PatentBots issued-patent client index

    Dataset period ending 2026 Q1. Lists Changzhou Ruihua Chemical Engineering Technology, Jiangxi Fushine Biotechnology, Jingmen GEM, Regenovo Biotechnology, Shanghai Wearalab, Zhengzhou Sanhua Technology & Industry, Wanhua Chemical Group, and patent work involving Zhejiang Sunny Optics and Ningbo Sunny Automotive Optech grouped under Sunny Optical, along with Ascentage. Individual underlying attorney records were not checked and continuing engagement is not established.

    https://www.patentbots.com/patentverse/law-firm/Barnes-Thornburg-LLP

  2. 103. Hisense USA — 2019 USTR tariff comments

    Barnes & Thornburg served as counsel on the submission. The associated lobbying registration reportedly terminated in 2020; no separate termination-filing URL was supplied.

    https://downloads.regulations.gov/USTR-2019-0004-0468/attachment_1.pdf

  3. 104. Wuxi Acryl Technology — U.S. patent publication 2019/0389990

    Published December 26, 2019, expressly naming Barnes & Thornburg as counsel. It establishes dated patent representation, not a continuing engagement.

    https://www.freepatentsonline.com/y2019/0389990.html

K&L Gates: further client relationships

  1. 105. K&L Gates — Firm scores win for Qingdao Yunlu in ITC trade-secret case

    August 21, 2018. Defense in an International Trade Commission trade-secret investigation during 2017-2018.

    https://www.klgates.com/KL-Gates-Scores-Win-for-Qingdao-Yunlu-in-ITC-Trade-Secret-Case-08-21-2018

  2. 106. K&L Gates — Firm advises on acquisition of Montessori Academy Group

    2019. A wholly owned Greentown Service Group subsidiary acquiring a majority interest in the Australian group; grouped with Greentown as one client group.

    https://www.klgates.com/KL-Gates-Advises-on-Acquisition-of-Montessori-Academy-Group-07-11-2019

  3. 107. K&L Gates — Firm advises lead investor Lingfeng Capital in LeapXpert's Series A funding round

    October 29, 2021, described as the firm's third recent transaction for Lingfeng; the other two are not identified.

    https://www.klgates.com/KL-Gates-Advises-Lead-Investor-Lingfeng-Capital-in-LeapXperts-Series-A-Funding-Round-10-29-2021

  4. 108. K&L Gates — Firm represents Tyfon Culture in proposed US$434 million GTAC business combination

    May 29, 2024. A proposed SPAC transaction; completion is not established by the announcement.

    https://www.klgates.com/KL-Gates-Represents-Tyfon-Culture-in-US434-Million-Business-Combination-with-GTAC-5-29-2024

  5. 109. Black Sesame International — 2024 exchange-filed business disclosure

    U.S. export-control advice connected with the Hong Kong listing.

    https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0808/11315925/sehk24032201344.pdf

  6. 110. CEE Legal Matters — K&L Gates successful for China Overseas Engineering Group in Polish subcontractor dispute

    Polish motorway contract and subcontractor disputes in the 2017-2019 period. Legal-industry reporting rather than an official court filing.

    https://ceelegalmatters.com/poland/10145-k-l-gates-successful-for-china-overseas-engineering-group-in-dispute-with-subcontractor-in-poland

  7. 111. Xi'an Haitian Antenna Technologies — 2009 annual report

    Filed March 29, 2010. Page 2 names K&L Gates as Hong Kong legal adviser; the relationship dates to 2009-2010.

    https://www.hkexnews.hk/listedco/listconews/gem/2010/0329/gln20100329131.pdf

  8. 112. Hughes Hubbard — Firm wins yet another victory for Phillips Auctioneers

    Opposing counsel's firsthand account identifying Zhang Chang as a Chinese national and K&L Gates as his counsel in 2020-2022 litigation over an attempted purchase of Francis Bacon's Study for a Pope I. Zhang sued in December 2020; the case was dismissed and the dismissal affirmed on appeal. He is the only named Chinese-national client in the roster.

    https://www.hugheshubbard.com/news-insights/news/firm-wins-yet-another-victory-for-phillips-auctioneers

  9. 113. K&L Gates — Firm advises Aigens on Ant Group-led Series A financing

    December 5, 2022. The Hong Kong software company is counted separately as a minority-invested client, outside the base 13-group K&L Gates count.

    https://www.klgates.com/KL-Gates-Advises-Aigens-on-Series-A-Financing-Led-by-Ant-Group-12-5-2022

Agriculture, land and acquisition review

  1. 114. Simpson Thacher — Firm secures CFIUS clearance for Shuanghui International's acquisition of Smithfield Foods

    September 9, 2013. Identifies partner Peter Thomas and his team as Smithfield's counsel in the Committee on Foreign Investment in the United States review. This is the acquisition-review representation; Huff, Nichols and Camden are not placed in that role.

    https://www.stblaw.com/about-us/news/view/2013/09/09/simpson-thacher-secures-cfius-clearance-of-smithfield-food-s-acquisition-by-shuanghui-international-holdings-limited

  2. 115. USDA — Foreign holdings of U.S. agricultural land through December 31, 2024

    Pages 5, 17 and 274. North Carolina holdings associated with Chinese investors total 44,263 acres, approximately 0.20 percent of the state's privately held agricultural land; all foreign countries combined total 596,289 acres, or 2.7 percent. The denominator is privately held agricultural land including forestland, not every category of private real estate, and USDA cautions that complex multinational ownership can understate individual countries' holdings.

    https://www.fsa.usda.gov/sites/default/files/2026-01/AFIDAYR2024ReportWithPageNumbers.pdf

Visual Sources and Image Credits

Graphics are editorial layouts of the cited source material. Captions distinguish source-page reproductions from redrawn or illustrated material. Clicking any image opens the full-resolution file.

  1. inset01: Inset 01 — Eighteen budgets. UNC records describe Preyer’s budget, appropriations, and institutional roles. See 1315 and resource 85. REALDIGS editorial graphic using UNC source material; Old Well decal is a supplied design illustration.
  2. inset02: Inset 02 — New rules. The NIH policy change and UNC award figures are redrawn from 12; the graphic is a typeset schematic, not an original-page screenshot. REALDIGS editorial graphic from the NIH notice and UNC financial report.
  3. inset03: Inset 03 — In the same board packet. The administrative-savings figures and athletics compensation count come from 56. REALDIGS editorial graphic from UNC Board of Trustees public materials.
  4. inset04: Inset 04 — Athletics finances. Budget, NCAA, and reported transfer figures are presented from 8910. REALDIGS editorial graphic from UNC and NCAA records and cited reporting.
  5. inset05: Inset 05 — Preyer’s role in the Belichick hire, as described in public reporting and interviews. See 711. REALDIGS editorial graphic from cited WRAL and Inside Carolina reporting.
  6. inset06: Inset 06 — Athletics contract authority. In an August 28, 2025 Q&A, John Preyer said he sent Michael Lombardi a one-page summary of incentive compensation in Mack Brown’s public contract, while denying that he negotiated on UNC’s behalf. Peter Hans’s January 16, 2025 memorandum suspended part of the Board of Trustees’ athletics authority, barred trustees from negotiation, review, or approval of specified actions, and required written presidential approval for athletics hiring and salary actions and for contracts totaling $29,000 or more. Sources 1112. Inside Carolina / On3 and the Hans memorandum; red outlines added by REALDIGS.
  7. graphic03: Graphic 03 — Trustee research and investment roles. UNC records place Preyer on the appropriations and budget side and Lloyd on the investment and donor side. The graphic does not attribute the cited Varian award to Lloyd. See 13151718. UNC Communications and Board of Trustees source-page captures; red brackets added by REALDIGS.
  8. inset08: Inset 08 — WRAL and Hussman. The cited materials document support for Goodmon Studio and a fellowship, Capitol Broadcasting’s corporate honor, former WRAL leaders on school boards, and the visiting-scholar program. See 2122232425. WRAL / Capitol Broadcasting and UNC Hussman source-page material; red outlines added by REALDIGS.
  9. patriots: The Patriots' official news page recounts the commissioner's penalties after the team's violation of sideline video-recording rules: three-quarters of a million dollars across the club and Bill Belichick, plus at least one draft pick. The page also records contemporaneous reaction and identifies the matter as a developing story. New England Patriots / Patriots.com (official team website), September 14, 2007.
  10. inset09: Inset 09 — WRAL scrutiny and record requests. The documentary contact sequence, the six-media-organization School of Civic Life and Leadership case, and later requests are documented in 323435. WRAL and The Daily Tar Heel source material; red outlines added by REALDIGS.
  11. graphic04: Graphic 04 — Michael Lombardi’s UNC appointment letter sets different payment consequences for termination for convenience and termination for cause: remaining base salary under paragraph 6, subject to the contract’s release, mitigation, and offset provisions, versus compensation earned through the termination date under paragraph 8. WRAL reported the outside-counsel roles and UNC’s statement that no public funds would pay the outside lawyers; the cited reporting did not identify the payer or account, and the written scope and investigation-specific budget communications have not been publicly released. Allegations described by WRAL were questions under investigation, not findings. UNC Athletics, Michael Lombardi appointment letter (April 2, 2025; accepted July 31, 2025); WRAL 3536; The Assembly 37. Original UNC and WRAL source pixels reproduced with restrained red markup.
  12. contractInline: UNC’s Michael Lombardi appointment letter begins the termination-for-convenience clause and directs the payment terms that continue on the next page. UNC Athletics, Michael Lombardi appointment letter, April 2, 2025, contract PDF pp. 7–8; red bracket added for emphasis.
  13. inset11: Inset 11 — UNC outside counsel and overlapping work. Cited sources identify Huff and Nichols on the football inquiry, their firm move and earlier School of Civic Life and Leadership work, and Camden’s related university and trustee representations. The overlap is not itself proof of a conflict. See 3436373839404142. Barnes & Thornburg, The Assembly, The Daily Tar Heel, and the Clemens filing; red outlines added by REALDIGS.
  14. graphic02: Graphic 02 — Follow the Money. A sourced overview of the funding streams and institutional decisions discussed in this report; it is not a claim of dollar-for-dollar tracing. See 1234568910. REALDIGS editorial graphic; supporting sources listed below.
  15. doj: DOJ announced court-authorized seizures of the QScan and QTRouter platforms operated by QTFY and Nanjing Xinjiuwei. The release identifies targets including HHS and NIH and describes QScan as a vulnerability-scanning and exploitation platform and QTRouter as infrastructure used to conceal intrusion traffic. U.S. Department of Justice, Office of Public Affairs, August 26, 2026; corrected August 28, 2026.
  16. inset13: UNC-Chapel Hill appears in nine Section 117 records attributed to China or Hong Kong in the U.S. Department of Education workbook through August 31, 2026: six China records totaling $1,812,116 and three Hong Kong records totaling $650,000. The combined $2,462,116 spans multiple reporting years rather than a single year; foreign-source legal-name, government-name, and DBA fields are blank in all nine filtered rows, and contract end dates include 2034 and 2044. Sources: 6667. REALDIGS editorial graphic from U.S. Department of Education Section 117 records and reporting guidance.
  17. eshelman: The Eshelman School dean's message reports a five-year China Scholarship Council agreement supporting up to 35 PharmD students and 25 PhD students and notes the arrival of the first three recipients. Those figures are program ceilings, not completed enrollment. UNC Eshelman School of Pharmacy / Foundation and Alumni Affairs, September 12, 2018.
  18. projectChina: UNC's Project-China page says its Southern Medical University visiting-scholar program was established in 2019 and accepts up to eight participants per academic year. It describes work in cardiac reprogramming, medical imaging and deep learning, and colorectal-cancer research involving nanolipid particles. UNC Institute for Global Health and Infectious Diseases / UNC School of Medicine, March 28, 2023.
  19. fudanInline: UNC’s August 12, 2026 decision ending the Fudan study-abroad agreement and winding down two unfunded collaborations after publication 72. UNC response dated August 26, 2026; source-page image retained separately from the Section 117 graphic.
  20. graphic01: Graphic 01 — Across the Pacific. An editorial relationship map based on the cited materials in 2672737475; it does not by itself establish control or causation. REALDIGS editorial graphic; source-page material credited in Visual Sources and Image Credits.

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