Former Penn State Nittany Lions defensive coordinator Jerry Sandusky was arrested Saturday morning for allegedly sexually abusing eight young men. Sandusky was charged with seven counts was charged with seven counts of involuntary deviate sexual intercourse; eight counts of corruption of minors, eight counts of endangering the welfare of a child, seven counts of indecent assault and other offenses. Sandusky posted $100,000 bail and was released. Penn State athletic director Tim Curley was charged with perjury and Penn State vice president of finance and business Gary Schultz is expected to turn himself in on Monday. He will also be charged with perjury. Sandusky runs an organization for at risk youths called the Second Mile. The assaults date back to 1994 and up until 2009, according to the grand jury. A grand jury report states that the first person to come forward was about 11 or 12 when he was abused. The victim also said that he received expensive gifts from Sandusky and trips to sporting events and physical contact started when he stayed the night at Sandusky's house. A Penn State graduate assistant also said he saw Sandusky sexually abuse a 10 year old boy in a locker room in 2007. The graduate assistant reported what he saw to Penn State head football coach Joe Paterno, who then told athletic director Tim Curley. The incident, although it was witnessed, was not reported to authorities. Curley committed perjury when he said that he was never told of any assaults committed by Sandusky. The grand jury also said that Schultz's testimony was not credible. If convicted of the charges, Sandusky faces life in prison. Curley and Schultz both face seven years in prison and a $15,000 fine. Sandusky was Penn State's defensive coordinator for the National Championship teams of 1982 and 1986 and was once considered the heir apparent to Joe Paterno.