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SEC Investigating 38 Studios Loan

WPRI has word that the U.S. Securities and Exchange Commission is investigating the loan from the Rhode Island Economic Development Corporation to 38 Studios, Curt Schilling's failed video-game startup. This case has been through the legal system more than once already, and they say it's not apparent what the angle is this time: "It's unclear what exactly the SEC is investigating about the 38 Studios transaction, which was finalized in the final months of Carcieri's second term. A lawsuit filed by the EDC last November alleges two top EDC employees, 38 Studios executives and outside advisers all withheld information from the agency's board to win approval of the deal." Thanks GamePolitics.

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2. Re: SEC Investigating 38 Studios Loan Sep 11, 2013, 13:11 NKD
 
So what they are saying is "It's a big conspiracy!"

This is a monumental waste of time. Taxpayers already got bilked out of a bunch of money, and now they want to waste more taxpayer money on investigations that won't turn up shit. Rhode Island needs to know when to quit.

Shit, by now even if there was a conspiracy, the evidence has been shredded and deleted.
 
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If you don't like where gaming is heading, stop giving your money to the people who are taking it in that direction.
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1. Re: SEC Investigating 38 Studios Loan Sep 11, 2013, 12:29 Cutter
 
"Where's the fuckin' money, Lebowski?! Where's the money, shithead?!"
 
Avatar 25394
 
James Woods: Oh that's fun. That sounds like you had a fun time. Where would I fit in with the fun time, huh? Where does James Woods fit into the fun?
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