(WSCR) According to reports, former Penn State football coach Joe Paterno had close business ties with board members from The Second Mile, a charity set up by former PSU assistant coach Jerry Sandusky, who is now charged with more than 40 counts of child sexual abuse.

The report alleges:

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Around the same time a graduate assistant allegedly approached Paterno in 2002 to say that he had witnessed Sandusky raping a boy in the locker room showers, Paterno and three fellow investors, including longtime Second Mile board chairman Robert Poole, had just secured financing to build a $125 million luxury retirement community, according to public records.

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Paterno also was partners with this team on developing a golf resort and nearby restaurant and inn. He has also partnered with other current and former Second Mile board members on a bottled water company, a coaching website and a chain of convenience stores.

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