Steve Penny, the former USA Gymnastics president and CEO who was arrested at a vacation cabin in Gatlinburg Wednesday posted the $50,000 bond and was released Friday afternoon.
Penny was arrested by a team of U.S. Marshals and Smoky Mountains Fugitive Task Force officers and booked into Sevier County Jail on a Sept. 28 grand jury indictment out of Walker County, Texas for allegedly tampering with evidence in the USA Gymnastics sex abuse scandal.
Penny had been vacationing with his family in Gatlinburg and was unaware of the warrant for his arrest, according to his attorney, Edith Matthai.
Penny was the president of CEO of USA Gymnastics from 2005 until he resigned in March 2017 amid the Larry Nassar sex abuse scandal.
The indictment against Penny alleges he purposefully had documents removed from the Karolyi Ranch, which was the official training camp for USA Gymnastics north of Houston.
Sevier County Jail employees confirmed to WATE 6 On Your Side that Penny posted bond just before 4 p.m. Friday. He will not have to attend his Nov. 1 court date in Sevier County because he is going back to Texas to face the charges there.