Ive posted about this at sonic, but I disagree.
I say go after those involved, but I see no reason to go after the current Penn State football players, and that is what would happen if they shut down the program. They were not there at the time, and they had nothing to do with it.
I do not see any NCAA jurisdiction here.
The players should be able to transfer with no penalty; the program needs to be seriously examined/and potentially sanctioned depending on what the investigation finds.