Penn State: Penn State punishment: wins from '98-'11 vacated, $60 million fine (updated)

Penn State's president said the decision to remove the coach's statue was made after a report said he failed to pursue child abuse charges against Jerry Sandusky.Penn State University president Rodney Erickson, walks to a news conference after a meeting at the school's Worthington Scranton campus, Friday, July 13, 2012, in Dunmore, Pa. (AP Photo/Matt Rourke). Posted: Monday, July 23, 2012 10:03 am. Penn StateSteve Moyer, whose Lions Pride shop sells Pennsylvania State University

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