The Penn State Board of Trustees takes "full responsibility" for not stopping Jerry Sandusky from sexually abusing children -- saying it's "deeply ashamed" about its failures ... and indirectly implicates Joe Paterno.
Karen Peetz -- the PSU board of trustees chair -- just spoke at a news conference, claiming the panel "accepts full responsibility for the failures that occurred" in the sex abuse scandal.
The failures were exposed in a recent investigation -- the results of which were released today, showing most senior leaders of PSU "failed to protect against a child sexual predator harming children for over a decade."
Board trustee Kenneth Frazier said, "Our hearts remain heavy and deeply ashamed."
He added, "We are accountable for what's happened here ... People who were in a position to protect children and to confront a predator ... did not put the welfare of children first" -- a thinly-veiled shot at Joe Paterno and other senior PSU officials.
The board members vowed never to let similar abuse happen ever again.
Penn State Apologizes
For Sandusky Scandal
We Are 'Deeply Ashamed'
7/12/2012 1:20 PM PDT BY TMZ STAFF
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