The New Britain Board of Education notified the police department about the video on Thursday.
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Others like Joan Crawford's rumoured appearance in a stag film remains unsubstantiated by the clip used here where the identity of the young lady involved is masked by the poor quality of the image.
Police said the two students involved have been identified and that the sex was consensual.
However gossip especially the salacious kind about the gods of the silver screen is always saleable.