Penn State Sandusky scandal: AD arrested, Paterno, Spanier fired; coverup charged #5

[Dr.Fessel]

Oh, Oh, Oh look who is at the top of the Board of Directors of the retirement village:



Gary Schultz is President of The Village Board. His relationship with Penn State University stretches back to 1971. He is retired Vice President of Finance at PSU, he has also served in Investment Management, and Human Resources and other positions. Schultz also received his B.S. and M. S in Engineering from the university. Schultz is a sought after Board member for business and non-profits alike.

http://www.villageatpennstate.com/board

 

[Reader]

I just want to say to wfgodot and Dr. Fessel...what great finds on your articles about this Village project and other ventures that all the principals in this case were involved in together!

This explains a lot...we were all wondering why Paterno, Spanier and others did not take the proper, and required actions, in 2002, and this gives us a reason: MONEY...

And one of the questions I've had is why McQueary continued to associate with Sandusky as usual after reporting the abuse. I'm wondering if somebody told him if he wanted to keep his job to act as normal and leave it to his superiors to decide what to do.

I'm still wondering which 'police' he keeps saying he reported the abuse to?

 

[wfgodot]

One question always to ask about any scandal is "Cui bono" - "To whose benefit?" Who profits? Follow the money.

 

[Dr.Fessel]

The Chefs at the retirement home are so good they became an official caterer of Penn State.

http://www.villageatpennstate.com/Websites/vaps/Images/right_amen_adv_text.gif

 

[Reader]

From the ABC link above (Dr. Fessel):

http://abcnews.go.com/US/penn-state...jerry-sandusky/story?id=15085783#.Tt1DXmFmNtJ

Dr. Michael Welner, an ABC News consultant and a forensic psychiatrist, said he finds the evidence against Sandusky compelling.

"They had a discussion in this interview about barriers," said Welner. "There are no barriers. Sexual assault is a process; it's the end point of a process of grooming. It didn't just happen, he orchestrated it, and yet to see that interview, you would think that it just happened, and it's up to you as a jury or audience to see whether it's illegal or not."

Not a tough decision for me, how about you?

 

[Dr.Fessel]

Ice Cream at the Village.

http://www.villageatpennstate.com/Websites/vaps/templates/Villagepenn/tour_9.html

 

[BigCat]

If this commentary on The Village at Penn State has already been posted, my apologies. It's copyrighted 1996. Elizabeth Goreham was on this story from the beginning.

Penn State has a new President who seems to say the right things and is good at public relations. He has a reputation of integrity. Maybe he didn't realize he was being hired as a front man. But does he have what it takes to attack the Good Old Boy Network and root out the hogs? That is a lot to ask for, given that he was romanced by Bill and Joe to come here. Yet President Spanier is the best hope for protecting Penn State's integrity, in this strange period at the end of the twentieth century, when public services are being privatized and social responsibility is judged more in terms of dollars than results.

http://voicesweb.org/archive/sn/piggies.html

Edit to add: Apparently Elizabeth Goreham is now the mayor of State College

 

[Reader]

From BigCat's link above (thanks):

http://msn.foxsports.com/collegefoo...ness-ties-to-Second-Mile-board-members-120511

Penn State President Graham Spanier, who was fired after a grand jury report detailing the allegations against Sandusky was released Nov. 4, conceived the project in 1995.

Since the project was being built on Penn State property, a nonprofit was created to act as its owner and operator. Former Second Mile board member Peter Weiler was its president; Penn State's former senior vice president for finance and business, Gary Schultz, was its treasurer. Both men declined to comment.

and

The group worked together on the project for roughly a decade after it was conceived in 1995. It was delayed because of financing difficulties, until a neighboring county eventually approved $56 million in bond financing in February 2002.

And the next month........McQueary came to Paterno.....

My question...with all the other Second Mile people involved why wasn't the founder, Sandusky, asked to be part of this project? Because they knew, IMO

 

[Dr.Fessel]

Pinnacle Development, the construction company owned by Penn State trustee William Schreyer and football coach Joe Paterno, was the only finalist bidder for the use of the University's logo and alumni marketing services which will build and profit from the multimillion dollar retirement village.

WOW

http://voicesweb.org/archive/sn/piggies.html

 

[Dr.Fessel]

But the retirement community is too big a deal to handle quietly. As those four of the six final proposals chosen by the committee dropped out when Cooperative Retirement Services of America hooked up with the Schreyer-Paterno team at Pinnacle Development, the inside players were exposed. Why would those four "drop-outs" pass on such a potentially super lucrative deal, unless they knew the deal was wired and refused to play along as fall guys. Why waste the effort, particularly when the deal makers would be charter members of the "Happy Valley Mafia?" One can only imagine the ingredients in the political soup necessary to make such a cooked-up deal smell appetizing.

http://voicesweb.org/archive/sn/piggies.html

 

[Concerned Papa]

Pinnacle Development, the construction company owned by Penn State trustee William Schreyer and football coach Joe Paterno, was the only finalist bidder for the use of the University's logo and alumni marketing services which will build and profit from the multimillion dollar retirement village.

Initially, 69 companies requested bid information, and 18 responded with a bid; six finalists were chosen by the review committee. Normally, competition increases at the penultimate stage. However, in this instance, one of the six companies (Pinnacle Development) made a deal with another of the six, and the remainder dropped out of contention.

http://voicesweb.org/archive/sn/piggies.html

Wow, just Wow........

 

[Dr.Fessel]

The spin doctors are busy, highlighting the personalities and their benevolent donations to the University with stories carefully placed in the press, with the focus of the moment to make this lopsided, inappropriate business arrangement appear proper.

http://voicesweb.org/archive/sn/piggies.html

They are still doing it. LOL LOL Just for other reasons now.

 

[Dr.Fessel]

In reality, the retirement village is very big, one hundred million dollars plus, with a high profit potential. Everybody can feed at the trough. The Hershey School of Medicine can keep the old timers alive. Retirees can will their remaining assets to good ol' State U. Sociology students can study the process of aging. And the beauty of the arrangement is that Penn State only has to supply the land and its name. The Pinnacle partners, Bill and Joe, will do the rest, and be rewarded for their good deeds.

http://voicesweb.org/archive/sn/piggies.html

 

[ThoughtFox]

Pinnacle Development, the construction company owned by Penn State trustee William Schreyer and football coach Joe Paterno, was the only finalist bidder for the use of the University's logo and alumni marketing services which will build and profit from the multimillion dollar retirement village.

WOW

http://voicesweb.org/archive/sn/piggies.html

Thanks, Dr. Fessel! All of this makes it so clear that no matter how many other investors came onboard, this was the dealio of the Sanddusky insiders, and a huge motive for their silence.

The very idea of the retirement village is so self-serving that it boggles my mind. They wanted to live there and never leave the campus because they saw it as their personal playground and let's be honest, cash cow. Charity was the last thing on their minds ~ they were building that place for themselves and their friends.

And apparently they had carte blanche in the deal-making process and thought they were above the law. Did the State of Pennsylvania just look the other way? (And I'm not just ragging on PA, we've had insider deals for highway money and other things here in TN too).

 

[BigCat]

Elizabeth Goreham appears to be a rare dissenting voice in State College. http://onwardstate.com/topics/elizabeth-goreham/

 

[Dr.Fessel]

Wow, just Wow........

Hell we called it from day one Papa. We knew it was there.

 

[Reader]

http://msn.foxsports.com/collegefoo...no-did-business-with-charity-leaders-48161077

(from another link off BigCat's above)

The Village at Penn State did not live up to its anticipated success. Occupancy was lower than expected, and two years ago, officials admitted they could not pay off the bond holders - which public documents indicate needed to happen in order for Pinnacle to get its developer fee.

The Village's executive director, Marianne Hogg, said Pinnacle has not been involved in the project since she started around 2007. Village tax forms indicate the developer team was paid $2.3 million prior to construction in
2000, but Hogg declined to say whether that was part of $4.7 million the developers expected to make as the project moved into its second phase.

 

[Concerned Papa]

This is nothing less than an outrage.

In reality, the retirement village is very big, one hundred million dollars plus, with a high profit potential. Everybody can feed at the trough. The Hershey School of Medicine can keep the old timers alive. Retirees can will their remaining assets to good ol' State U. Sociology students can study the process of aging. And the beauty of the arrangement is that Penn State only has to supply the land and its name. The Pinnacle partners, Bill and Joe, will do the rest, and be rewarded for their good deeds.

http://voicesweb.org/archive/sn/piggies.html

It never took off. Maybe that's because the folks behind the development were gouging the elderly with entrance fees of around $500,000.00

The filing (bankruptcy) indicated that Pinnacle was never repaid its initial investment, and that $18.8 million was owed to residents who moved out and demanded refunds on their entrance fees.

http://deadspin.com/5865111/joe-pat...-sandusky-was-caught-allegedly-sodomizing-boy

After enticing retirees to will their remaining assets to State U., after gouging the elderly with entrance fees of up to $500,000.00, now they have filed for bankruptcy as an apparent attempt to avoid repaying almost $19,000,000.00 to their victims.

 

[BigCat]

Penn State President Graham Spanier, who was fired after a grand jury report detailing the allegations against Sandusky was released Nov. 4, conceived the project in 1995.

http://msn.foxsports.com/collegefootball/story/Former-Penn-State-coach-Joe-Paterno-had-business-ties-to-Second-Mile-board-members-120511

In the space of one year, the idea of a University-licensed retirement community has become all but a certainty.

http://voicesweb.org/archive/sn/piggies.html

So Graham Spanier became the president of Penn State in 1995, conceived the Village at Penn State in the same year and, in the space of a year, managed to make the completion of the community "all but a certainty"? Isn't it more likely this project was in the works long before Spanier became president?

 

[LNL]

I guess they would tug on people's heartstrings, then get them to sign on the bottom line.

Sounds more like a land speculation and construction firm than a nonprofit.

Agree. Wonder if the IRS has looked into this little "venture".

What a crock.

IMO