The Smoking Gun on Paterno..

[Fumesucker]

http://www.nytimes.com/2011/11/16/sports/ncaafootball/in-july-paterno-transferred-ownership-of-home-to-his-wife-for-1.html

STATE COLLEGE, Pa. — Joe Paterno transferred full ownership of his house to his wife, Sue, for $1 in July, less than four months before a sexual abuse scandal engulfed his Penn State football program and the university.

Documents filed in Centre County, Pa., show that on July 21, Paterno’s house near campus was turned over to “Suzanne P. Paterno, trustee” for a dollar plus “love and affection.” The couple had previously held joint ownership of the house, which they bought in 1969 for $58,000.

According to documents filed with the county, the house’s fair-market value was listed at $594,484.40. Wick Sollers, a lawyer for Paterno, said in an e-mail that the Paternos had been engaged in a “multiyear estate planning program,” and the transfer “was simply one element of that plan.” He said it had nothing to do with the scandal.

[Ohio Joe]

1. "nothing to do with the scandal"... Yeah...

Piece of shit should be going to jail.

[NYC_SKP]

2. Paterno, like so may other people in high places: "Too Big to Jail".

Well, we'll see.

[Lil Missy]

3. That is a common practice in estate planning.

You read too much in to it.

[madinmaryland]

4. Un-recced. Do you know anything about planning your estate??

:wtf:

[ProudToBeBlueInRhody]

5. Uhh...ok

Explain.