Harry McNevin, explained in a recent interview that he quit the Board of Regents at Oral Roberts University in disgust in 1987 after 16 years of service when he learned that Richard Roberts, Oral Roberts and other Roberts family dipped into the school's endowment fund for personal expenses. 
McNevin noted that he resigned after the board practically "rubber-stamped" the "use of millions in endowment money to buy a Beverly Hills property so that Oral Roberts could have a West Coast office and house." In addition he said a country club membership was purchased for the home. The home was reported purchased for US$3 million and another $3.5 million was spent remodeling it.
The Associated Press also cited Patti Roberts, Richard's first wife, who wrote in her 1983 memoir, "Ashes to Gold," about expensive gifts including a blue Mercedes as a Christmas gift for Richard, a Jaguar for her, Italian suits and Palm Beach vacations.  Suzanne Culpepper, the Roberts' former nanny, said Lindsay (Richard' second wife) and Richard spent money wildly. This included 275 pairs of shoes for Lindsay, 120 pairs of shoes (including 18 pairs of golf shoes) for Richard, 165 suits for Richard and other large amounts of clothing in their walk-in closest.
Previously the Roberts were accused of illegal political and financial wrongdoing, which forced the president to step down from his position.
A United States Senate committee is currently investigating six major ministries over their finances. Three of these ministries are headed by members of ORU's Board of Regents.
Recently Tulsa World wrote that Oral Roberts University raised $8.8 million starting in 2001 for a new student center, but construction has begun and officials said "the school has used some of the money for scholarships and operations." Tulsa World requested documents about the ORU student center, but the "university released details but not records about money raised for the center."
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Former Oral Roberts University Regent member speaks out