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Perhaps out of guilt or a desire for some favorable recognition, Shapiro also used investor funds to make payments to dozens of student athletes who were attending a local university in the Miami area.
FORBES: Nevin Shapiro and the Miami Fraud Machine: Turn The Cash Around
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Half of the 16 jurors and alternates have ties to Penn State, including one retired professor and one current professor, three graduates, two employees and one current student, showing the prominence of the university in the local community.
CNN: Alleged Sandusky victim details abuse
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Another upside to owning property in a college town--even for those home owners who are not affiliated with the nearby college or university--is that the local school districts may have a diverse student population because of the academic community.
FORBES: A+ College Real Estate