SEC is investigating 38 Studios deal; EDC won’t provide details

September 10th, 2013 at 6:00 pm by under Nesi's Notes

By Ted Nesi and Tim White

PROVIDENCE, R.I. (WPRI) – The U.S. Securities and Exchange Commission is investigating the $75-million taxpayer-backed loan that the R.I. Economic Development Corporation gave to Curt Schilling’s failed video-game startup 38 Studios, has learned.

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• Related: Exclusive: Documents reveal how RI rushed on 38 Studios deal (Nov. 20)

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One Response to “SEC is investigating 38 Studios deal; EDC won’t provide details”

  1. Fed_Up_With_the_Lying says:

    Does anyone really expect anything to come of this ‘Phony’ investigation? This is Rhode Island and these people are all Incestuous and Corrupt. We have an Attorney General that is a Political Hack and a US Attorney not worth the powder to blow him up. This ‘Investigation’ is for Public Consumption to give the appearance that something is being done. Obama uses the same warped methodology to avoid answering questions in a straight forward manner (Remember Benghazi, the IRS, Fast and Furious?). Throw out the BS and in a short time everyone will forget about it and the same people will be re-elected. All Democrats that think we are Morons. I think we are, for condoning it year after year.