Yes. If (in this hypothetical) the university found something worth contacting the FBI about before Wang knew he was made, we'd expect to see FBI action first and university action second, even if the university acted immediately after. The FBI would absolutely not allow the university to tip a suspect off weeks in advance of their planned raids.

Wouldn't the FBI need some time to digest the accusations made by the University and then build a case to pursue an investigation? Hearing the University has been captured by a right wing agenda and having an adversarial relationship with its teachers and students, I'm starting to think any conspiracy is plausible at this point.