Penn State Establishing Fund To Deal With Civil Sex Abuse Lawsuits
Nov. 14 2011, Published 9:00 a.m. ET
Breaking Celebrity News Legal Editor
The Penn State Board of Trustees is establishing a fund in anticipation of civil lawsuits in the sex abuse scandal that has rocked the university, Breaking Celebrity News is exclusively reporting.
Former defensive coordinator Jerry Sandusky, charged with sexually abusing eight boys over 15 years from 1994 to 2009, has been arraigned on 40 criminal counts including multiple counts of involuntary deviate sexual intercourse, corruption of minors, endangering the welfare of a child and indecent assault.
The Board of Trustees Chairman Steve Garban has been "discussing with fellow trustees the need to establish a fund because it's absolutely inevitable that the university is going to be sued by the alleged victims. There will be absolutely no money taken from Penn State's donations from alumni, corporations, or any other source.
“Money that goes to the the sex abuse fund will be specifically designated, and this is being done is a very discreet manner. Penn State has very, very wealthy donors, and board members, and this is who will be contributing to it," an insider close to the situation tells