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flag Oklahoma State University faces financial scandal after misuse of $11.5M in state funds.

flag Oklahoma State University faced financial issues after an internal audit revealed the misuse of state funds. flag The audit found that the Innovation Foundation had written a $500,000 check to Cowboy Technologies, LLC, a subsidiary, to pay consultant and lobbyist invoices, violating state law. flag This led to an investigation and the resignation of former president Kayse Shrum. flag The audit recommended returning any state funds transferred to Cowboy Technologies, and OSU agreed to ensure compliance. flag The Innovation Foundation is expected to reimburse the university at least $11.5 million for unallowed expenses.

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