- The Washington Times - Wednesday, April 1, 2009

TULSA, OKLA. (AP) - Oral Roberts University says that since a financial scandal it has whittled its debt from more than $50 million to around $5 million.

The evangelical school in Tulsa, Okla., says a fundraising campaign it launched last year has brought in cash and pledges from nearly 14,000 people and organizations.

Board of Trustees Chairman Mart Green said Wednesday he’s excited about the amount of money raised in such a short time.

The school founded by televangelist Oral Roberts is recovering from a 2007 financial scandal.

The evangelist’s son, Richard Roberts, stepped down as president that year after he and his wife were accused of spending school money on home remodeling, lavish vacations and a stable of horses. The couple has denied wrongdoing.

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