Is KORN racist?

I heard recently that Korn was an apparently racist band and that their name stands for "Keep On Runnin' Ni**a". Is this true? It would be quite disappointing...not just because I'm black (and they aren't)...but because they are one of my favorite bands. Someone give me some details about this please...and don't tell me to Google/Yahoo/whatever it...already did and it didn't help.