Penn State fined $60 million for Sandusky scandal
Posted: Dec 10, 2012 9:48 PM EDT | Updated: Nov 6, 2014 3:13 PM EDT
Penn State was fined $60 million by the NCAA after the Sandusky sex abuse scandal.
They will make the first of five annual $12 million payments on Dec. 20. That money will go towards a fund dedicated to fighting sex abuse and helping victims.
Sandusky is currently in prison for at least the next 30 years after being convicted.