Don't be ridiculous. Prosecute the wrongdoers to the fullest extent of the law. But, as for the young men's reputations, I honestly couldn't care less.
Maybe you'll understand this one: "If you play with fire, you might get burned."
Yes, even people who don't play with fire sometimes get burned. Yes, it is possible to play with fire and not get burned. But, if you play with fire, you increase your risk of getting burned. Hire a stripper? Try not to be surprised if she lacks integrity.
These young men played with fire and got burned. Spare me the tears about their reputations.