There are a variety of issues in play here, but the most important one, for at least the U of MN and me, is the "were all adults consenting" in the video.
Page 12 and 13 of the Student Athlete handbook deals almost exclusively with the issue of Sexual Harassment. There are numerous examples of what it is and what to avoid. The handbook clearly outlines penalties. And unless the young women in the video consented, there is a serious rule violation here.
So leaving aside all the other issues (phone stolen, who posted, etc), the U of MN is faced with the unwanted task of determine if a very public incident involving student athletes was sexual harassment or consensual sex. Mind you - this would be a whole different issue if the act was not videoed!! Then, the U of MN would only be involved if a complaint was filed (with the U of MN or the police). But because of highly public nature of the video, the U of MN is forced to proactively investigate. (As an aside, I think that Richard was being truthful in thinking that the guys would be cleared and be back for Wisconsin under estimating the time needed to identify and confirm the act was consensual)
After what has gone on recently, you can bet your butt that the U of MN is going to be quite through in investigating and make damn sure they have the right information. Then a final decision will be made on all 3.
Lesson for everyone - DON"T TAKE DIGITAL PHOTOS/VIDEO OF YOURSELF OR OTHERS NUDE OR HAVING SEX