Former Senior Vice President for Finance and Business (Retired)
Gary Schultz served as the VP for finance and business at the university from 1995 to 2009, when he retired. Prior to the position, he held a number of business administration roles within the Penn State system since his hiring in 1971. He recently returned to the VP position in July 2011, but upon being charged with perjury and failure to report suspected abuse, the 62-year-old Schultz has dropped back into retirement.
As VP of business and finance, Schultz’s position included oversight of the university’s police department. Upon learning of the scandal in 2002, Schultz reportedly met with Mike McQueary, the graduate assistant who discovered Sandusky’s wrongdoing, as well as Athletic Director Tim Curley, to discuss possible consequences for Sandusky. But according to the grand jury investigation, Schultz determined based on the details he was given at the time that there was “no indication that a crime had occurred.” He didn’t report the alleged abuse to the University Police.
Schultz’s lawyer Tom Farrell has maintained his client’s innocence, explaining Schultz wasn’t required by law to report suspected abuse and did the right thing by referring the matter to his superior, university president Graham Spanier. He also argued that the two-year statute of limitations on the summary offense has expired. If convicted, Schultz could face up to seven years in prison.
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