There's no denying that Liberty has been very successful. The university is also heavily promoted across America to would-be students. They're proud of having a Starbucks, that Chick-fil-A of coffee (not), on campus, too. That doesn't make Falwell a good guy.
There's a story that Falwell and his wife met a 21-year-old pool boy and developed a personal friendship. And, soon "loaned" the young man $1.8 million dollars for purchase and renovation of a youth hostile (someone claimed it is gay-friendly, I don't know). That looks bad enough. Now, add to it the claim by Trump's ex-lawyer Cohen that Falwell wanted his help to prevent racy photos form becoming public.
Falwell, in his position, should be above reproach. That would start with having no association with slimy jewish lawyers and recusing himself from Liberty financial decisions involving friends.