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38 Studios Bankrupt; FBI Investigating

38 Studios has declared bankruptcy, a company spokesman tells The Providence Journal, and the paper also reports that the Rhode Island State Police inform them that state and federal authorities have launched an investigation into the videogame company founded by former major league pitcher Curt Schilling (thanks Nomaar). They don't have details on the nature of the inquiries, saying simply that Rhode Island State Police superintendent Col. Steven G. O'Donnell says that his agency, the FBI, the U.S. Attorney's office, and the Rhode Island attorney general "are working together to investigate activities that have recently come to light at 38 Studios." In 2010 38 Studios secured a now-infamous $75 million in loan guarantees from Rhode Island to relocate to the ocean state, and trouble repaying that loan preceded the layoff of their staff last month. Here's the statement from the company about its bankruptcy:

"This action comes after several weeks when the company has reviewed, considered and received the recommendations and advice with respect to potential avenues for relief that are currently available. After ongoing negotiations with the State of Rhode Island and potential investors and other interested parties, the Company has been unable to find a solution to the current stalemate."

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15. Re: 38 Studios Bankrupt; FBI Investigating Jun 7, 2012, 15:20 Agent.X7
 
Tumbler wrote on Jun 7, 2012, 15:10:
They don't have details on the nature of the inquiries, saying simply that Rhode Island State Police superintendent Col. Steven G. O'Donnell says that his agency, the FBI, the U.S. Attorney's office, and the Rhode Island attorney general "are working together to investigate activities that have recently come to light at 38 Studios.

I find it hard to believe this studio did anything that warrants this type of investigation. But I guess we'll see soon enough. By day they were appeared to be a normal video game company, but deep in the bowels of the building they were using a recovering drug addict and high school chemistry teacher to create and sell deadly drugs. They even wrote and produced a hit TV show based on this brazen criminal activity! Breaking Bad premiers in July! (That would be some awesome viral marketing)

The safe bet is that Governor asshat threw a tizzy and drew in some markers to get the feds and police involved so that he can justify fucking his constituents.
 
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  1. Jun 7, 14:22 Re: 38 Studios Bankrupt; FBI Investigating wtf_man
  2. Jun 7, 14:29 Re: 38 Studios Bankrupt; FBI Investigating NegaDeath
  3. Jun 7, 14:29 Re: 38 Studios Bankrupt; FBI Investigating Verno
  4. Jun 7, 14:35 Re: 38 Studios Bankrupt; FBI Investigating jdreyer
  5. Jun 7, 14:38  Re: 38 Studios Bankrupt; FBI Investigating Wildone
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  11. Jun 7, 15:01   Re: 38 Studios Bankrupt; FBI Investigating Beelzebud
  12. Jun 7, 15:04    Re: 38 Studios Bankrupt; FBI Investigating wtf_man
  13. Jun 7, 15:06     Re: 38 Studios Bankrupt; FBI Investigating Angrius Maximis
  16. Jun 7, 15:42     Re: 38 Studios Bankrupt; FBI Investigating jomisab
  14. Jun 7, 15:10    Re: 38 Studios Bankrupt; FBI Investigating Tumbler
>> 15. Jun 7, 15:20     Re: 38 Studios Bankrupt; FBI Investigating Agent.X7
  35. Jun 7, 20:37      Re: 38 Studios Bankrupt; FBI Investigating m00t
  36. Jun 7, 21:45       Re: 38 Studios Bankrupt; FBI Investigating NKD
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  39. Jun 8, 02:04        Re: 38 Studios Bankrupt; FBI Investigating m00t
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