Ya Left out the part where Dana White just killed any chance BJ has of ever getting back in the cage
"UFC is aware of the recent allegations made against B.J. Penn. The organization requires all athletes who compete in the UFC to act in an ethical and responsible manner, as detailed in the UFC Fighter Conduct Policy. UFC will not tolerate violations of the policy. Every athlete is deserving of proper review and this situation, as with any serious allegation, will be investigated by an independent party and thoroughly reviewed by the UFC. The UFC organization will also cooperate with any law enforcement investigation. In light of the serious allegations, UFC has postponed plans to book Penn for an upcoming bout until more details are determined.
UFC holds athletes who compete in the organization to the highest standard and will continue to take appropriate action, if and when warranted. It is important to note that Penn is considered innocent until proven guilty and UFC is not prejudging this matter."
The last sentence was added as a CYA in case its all a ploy to get BJ to settle monetarily but since this went all criminal and shit guessing its likely a done deal.. This isn't the same as crashing your car into somebody at 3am in New Mexico while the champ and basically face of the promotion.