ORU Faces Explosive Charges

Friday, February 8th 2008, 7:34 am
By: News On 6

A former Oral Roberts University accountant says the school's now dissolved Board of Regents funneled a billion dollars through the university. The News On 6's Carina Sonn reports the accountant claims he was fired for knowing too much.

The schools former senior accountant Trent Huddleston first filed a suit last November. Now Huddleston has amended that lawsuit after claiming to have confirmation of the billion dollar scandal.

Huddleston's attorney is Gary Richardson. Richardson says his client had access to all kinds of accounts and one of them was used to funnel more than one billion dollars a year through the university.

Huddleston says he doesn't know where the money came from or where it went, but he was fired just before a scheduled audit. The lawsuit says it appears the former regents participated by funneling the money for their personal use.

The suit names Oral Roberts University, Oral Roberts Ministries, Richard and Lindsay Roberts, as well as 25 of the university's former board of regents.

ORU has denied the claims. Spokespersons have said the lawsuit has, "no basis in fact" and is, "grounded in fantasy." But, they also add, the new board of trustees is committed to resolving any lawsuits brought against the old administration.

That billion dollar claim is broken down to more than $80 million a month. According to filings with the IRS, that's more than ORU earned or spent in an entire year.