.

Sandusky Has Cost Penn State $129.5M

The university has released new information about its legal bills and fines.

So far, the Jerry Sandusky scandal has cost Penn State $129.5 million.

The university released updated figures on its website Friday detailing the various legal fees and fines the university has paid up to this point. That total, $69,832,863, does not include civil settlements for victims, which has been reported at a total of $59.7 million for 26 defendants.

That brings the total cost to Penn State to $129.5 million, with more still to be paid out. 

NCAA fines will be paid annually until 2017, the university said.

“The costs surrounding legal defense and public relations efforts for the University associated with the Sandusky matter are not funded by student tuition, taxpayer funds or donations,” the university emphasized on the site.

Sandusky, a former assistant coach at Penn State, was convicted in June 2012 of 45 out of 48 counts of child sexual abuse, and is serving 30 to 60 years in state prison.


G-Man March 15, 2014 at 08:47 AM
Jerry took a shower and the University took a bath.
decker_21 March 15, 2014 at 02:35 PM
Poor Penn State, it wouldn't have cost them anything if they had done the right thing and reported Sandusky immediately instead of hiding the facts for the best interest of Penn State. They deserve to loose everything. Penn State doesn't care about their students, just their money.
Rita Diani March 15, 2014 at 03:14 PM
speaking of colleges and their shady ways, does anyone know the date the Middle States, WCCC's accrediting agency, is visiting them this week?
harryfinster March 15, 2014 at 04:31 PM
http://www.scribd.com/doc/55863184/phoenixville2p
M March 16, 2014 at 09:46 PM
There were many egregious miscalculations. All who made them need to pay the price personally: Penn state officials, Sandusky, anyone who knew and did not report. The Catholic Church now requires all mandated reporters, i.e. anyone who has knowledge or strong suspicions of abuse against children/young adults MUST contact police first, then Bishop. Let this case be a lesson to all who might be tempted not to report. Make THEM pay the price both financially and morally. "Look at the collateral damage to the Paterno family, and all the rest of the staff on the periphery. Look at the lost trust. Most of all, look at the lives of the victims who'll be scarred the rest of their lives." But the victims can become survivors and go on to live good lives, overcoming through therapy and the compassion of those around them.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »