Originally written on Fox Sports  |  Last updated 11/8/14
Rhode Island's economic development agency on Thursday sued former Red Sox pitcher Curt Schilling and some of its former officials, saying they committed fraud and other acts that misled the state into approving a $75 million loan guarantee to his failed video game company. The suit was filed in Rhode Island Superior Court four months after 38 Studios filed for bankruptcy following a spectacular collapse that has likely left the state on the hook for $100 million. Among other things, the lawsuit claims that executives at 38 Studios, as well as former Economic Development Corp. Executive Director Keith Stokes and others, knew the company would run out of money by 2012, but concealed that from the EDC board, which made the final decision on whether to back the deal. The board in 2010 lured 38 Studios to Providence from Massachusetts with the loan guarantee. The lawsuit also alleges that Schilling, 38 Studios executives and others engaged in racketeering and conspiracy. The suit do...
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Lightning reach Stanley Cup Final with Game 7 win

Devon Still: Daughter has complications with transplant

Rivers denies report of problems with CP3 and Jordan

Orlando Magic hope Skiles can right sinking ship

Falcons waive Shembo over animal cruelty charges

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Tom Brady’s suspension appeal hearing set for June 23

Peterson is wrong (sorta): NFL players have great power

Scout: A-Rod 'looks like he doesn't give a (expletive)'

Belichick mum on Deflategate in first remarks since discipline

Dwight Howard suspended for first game of 2015-16 season

Bucs veterans missing Jameis while he's at rookie symposium

WATCH: Josh Hamilton hits first two homers of the season

Did Andrew Bogut take a shot at Mark Jackson?

$70 million Reebok deal is bad for UFC fighters

If the Warriors win the NBA title, the parade will be for Oakland

SEC no longer allows transfers with 'serious misconduct' issues

Klay Thompson officially diagnosed with concussion

Snoop Dogg hooks Texas A&M up with adidas cleats

WATCH: Stephen Curry rides a mini-horse

Metta World Peace gets ejected after five fouls in one minute

On satellite camps and the SEC crying over its self-protections

Four NFL quarterbacks set to take a step back in 2015

Spelling Bee co-champ wears LeBron jersey under shirt

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Lightning reach Stanley Cup Final with Game 7 win

Devon Still's daughter has complications with transplant

$70M Reebok deal is bad for UFC fighters

If the Warriors win the title, the parade will be for Oakland

Peterson is wrong (sorta): NFL players have great power

Dwight Howard suspended for first game of 2015-16 season

Four QBs set to take step back in 2015

Spelling Bee co-champ wears LeBron jersey under shirt

Top 10 stories from 2015 NBA Playoffs

Rangers-Lightning Game 7 preview

The can't-miss Prince Fielder

Chip Kelly: Tebow is a quarterback

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.