OLD ARTICLE on Louis Freeh. Interesting links with MBNA (which the Biden's have past links to as well)

FRIDAY,SEPTEMBER 7, 2012

Bombshell: MBNA bank while Freeh was co-chair and general counsel was major corporate sponsor of Jerry Sandusky and Second Mile.

A copy of a document sent to me by a source and dated February 28,2000 ( a link is provided at the bottom) and further corroborated by other documentation has revealed that MBNA bank (now Bank of America) beginning in 2000 and throughout the entire tenure of Louis Freeh as the bank's vice chairman and general counsel, was a major corporate sponsor of Jerry Sandusky and Second Mile and continued to be throughout Freeh's tenure at the bank from 2001 to 2006 when MBNA bank was bought by Bank of America for $35 billion. Freeh at the time cashed in $20 million in stock options.

As the document shows, in April of 2000, less than two years after the 1998 Sandusky investigation, MBNA bank sponsored a testimonial dinner at Penn State to honor Jerry Sandusky. This relationship and sponsorship of Sandusky and Second Mile by MBNA bank continued while Freeh became the bank's vice chairman and general counsel.

In addition, evidence shows that Ric Struthers, vice president and head of the credit card division at MBNA bank and a close friend and colleague of Freeh sat on Jerry Sandusky's Second Mile board of directors at least until 2006.

Given MBNA bank's important financial relationship to Penn State and their relationship to Jerry Sandusky and Second Mile as one of Sandusky's biggest biggest corporate sponsors and Freeh's position as vice chairman and general counsel,and given Freeh's friendship with Ric Struthers, an MBNA vice president who sat on Sandusky's Second Mile Board of Directors from 2000 to at least 2006, the conflicts of interest involving Freeh, MBNA bank, it's executives and Jerry Sandusky and Second Mile are so great, so irreconcilable, and so substantive it raises many legitimate questions on ethical grounds alone, as to why Freeh was even chosen to conduct the investigation and completely invalidates the Freeh Report as an honest, objective independent investigation, untainted by bias or self interest.

And that Freeh did not disclose this conflict of interest and ethcially disqualify himself from conducting it, further erodes Freeh's credibility, the credibility of the report, and calls into question Freeh's real motives.It also begs the question, did the Penn State Board of Trustees know about this conflict of interest before assigning Freeh to do the investigation? If so then their motives for hiring Freeh, perhaps to insure that they are taken off the hook, must be questioned since the conflicts of interest are so great that Freeh never should have been allowed to do the investigation in the first place.

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Aside from the clear lack of ethics the conflicts of interest indicate,and how they invalidate the Freeh Report, they also raise other serious questions. Specifically what did Freeh and other MBNA bank executives know of the 1998 Sandusky investigation and when did they know it? Or McQueary's 2001 allegations? What did Ric Struthers know and when did he know it? And was the Freeh Report and its unsubstantiated conclusions and accusations against Joe Paterno and others actually Freeh trying to shield MBNA bank executives,personal friends like Ric Struthers and even himself from bad or damaging publicity and not as Freeh alleged, Joe Paterno trying to shield Penn State?

The evidence shows that a major and mutually lucrative financial agreement had been completed between MBNA bank and Penn State, negotiated in part by MBNA bank vice president Ric Struthers less than two years after the 1998 Sandusky investigation on possible allegations of child abuse. The agreement called for MBNA bank to pay Penn State $30 million just for its mailing list. MBNA bank used that list to solicit and provide credit cards to Penn State students and faculty. Ric Struthers, as already noted, sat on the Board of Directors of Jerry Sandusky's Second Mile.

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https://tominpaine.blogspot.com/2012/09/bombshell-mbna-bank-while-freeh-was-co.html

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With MBNA bank one of Sandusky's biggest corporate sponsors and its vice president of the credit card division sitting on Sandusky's Board, along with the conflicts of interest that make Freeh's investigation worthless, is it possible that Struthers, Freeh, or other MBNA bank executives knew nothing of the 1998 Sandusky investigation?Is it possible that they didnt?

It is believed that they did know and protecting that information along with Freeh not wanting to lose a $6 million pay day were the motives behind Freeh not recusing himself from doing the investigation and his motives behind his unsubstantiated conclusions and manipulation and mischaracterization of evidence to pin the blame and focus attention on Paterno and others.

That MBNA bank executives, including Freeh, knew about the 1998 investigation of Sanduskyis re-enforced by their professional relationship with and unqiue position of Gary Schultz.

Schultz was head of Penn State police services, and as the emails in the Freeh Report show, was privy to all the details concerning the 1998 investigation of Sandusky. Thomas Harmon, Captain of Penn State police kept Schultz, as his superior, informed of the progress of the investigation, details and it's outcome. It was Schultz who Curley turned to for updates concerning the progress of the investigation.

But Gary Schultz was also Vice President of Business and Finance at Penn State and as such most certainly was directly involved in the financial negotiations between Penn State, Ric Struthers, and MBNA bank. And as VP of Business and Finance it was Schultz who most certainly had to approve the deal negotiated with Struthers and MBNA bank..

Is it possible that with knowledge of the 1998 Sandusky investigation as head of Penn State police services, and his position as Vice President of Business and Finance and after negotiating a large and financial deal with MBNA bank and Ric Struthers, (who also happened to be a former Penn State grad, class of '77) that Schultz would not mention to Struthers, even in a general off the record way anything about the 1998 investigation of Sandusky or that there even was an investigation? Is it possible Schultz would allow MBNA bank with whom he had negotiated a large financial deal beneficial to Penn State, to become a major corporate sponsor of Jerry Sandusky and Second Mile and allow Struthers to sit on Sandusky's Board of Directors without a word to anyone there about the 1998 Sandusky investigation?

It is believed that is not possible. It is highly unlikely Schultz would have kept that information from Struthers, especially since the investigation ended with no charges against Sandusky. And given the possible exposure for both Struthers and MBNA bank and the possibility for embarrassing or damaging publicity, they would have certainly held Schultz accountable had they not been informed and then later learned of Schultz' knowledge of the 1998 Sandusky investigation for child abuse if things went bad with Sandusky as they eventually did.

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