AdvertisementPenn State Fined $60M, Banned From Bowls, Wins From 1998 On VacatedJuly 23, 2012Mark MemmottfacebookEmailBefore its removal from outside the school's football stadium on Sunday, a statue of former football coach Joe Paterno was covered. An independent report concluded he was among top university officials who failed to act when they learned that Jerry Sandusky might be sexually abusing young boys. (AP)