BELLEFONTE, Pa. -- The charity founded by convicted former Penn State assistant football coach Jerry Sandusky has filed a court petition seeking permission to go out of business.
The charity's board says fundraising has dropped to nothing and nearly all its assets have been distributed in the wake of Sandusky's arrest and conviction on charges he molested several boys, including some he met through the charity.
The court filing formalizes the board's decision in July to close the charity. The petition asks the court to transfer any remaining assets to the state attorney general's office and to officially dissolve the charity.
Sandusky founded the group in 1977 with the stated purpose of helping disadvantaged children.
The decision followed a recommendation in June by a hearing examiner who said Sandusky had already retired by the time the Pension Forfeiture Act was expanded in 2004 to add sexual offenses to the crimes that trigger forfeiture.