Penn State just announced that they will pay $59.7 million dollars to the 26 victims of child molestor Jerry Sandusky. This according to the Twitter feed of NBC News Investigative Reporter Tom Winter. More about the damages awarded to those victimized by the horrible monster that is Jerry Sandusky.
Via Winter’s Twitter feed:
In addition to the 10 victims that were involved in the charges against Jerry Sandusky charges, an additional 22 came forward for suits.
— Tom Winter (@Tom_Winter) October 28, 2013
It is not yet clear if the payout to Sandusky victims announced by Penn State includes legal fees paid by the University. We have asked…
— Tom Winter (@Tom_Winter) October 28, 2013
Also, none of that money, the approximately $60,000,000 will draw on funds gathered from tuition, Penn State donors or state taxes. Instead the 26 victims of Jerry Sandusky will receive compensation from insurance and interest revenue. According to an official release from the school, 23 of those 26 have already signed the agreement, with the last three having agreed in principle.
As Jerry Sandusky is back in the news again today, I would like to call attention to the people in the Penn State culture who are doing the right thing. (More detail on that here) Also you need to check out these links… bands4rainn.org and wareagles4rainn.org
Paul M. Banks is the owner of The Sports Bank.net, an affiliate of Fox Sports. He’s also a regular analyst on news talk radio stations across the world; with weekly segments on NBC and Fox Sports Radio. Follow him on Twitter (@paulmbanks) and RSS