Posted October 23, 2012 on AP on Fox
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...
Ios_download En_app_rgb_wo_45

Report: Prospective St. Louis NFL stadium gets $158 million naming rights deal

Former Gators legend Neal Walk dies at 67

WATCH: Astros give Buster Olney champagne shower

Hope Solo accused of slamming nephew’s head into cement

Astros pitch their way to 3-0 win over Yankees in Wild Card game

Report: Patriots work out RB Boom Herron


Karlos Williams suffered concussion in Week 4

Houston taped SMU jerseys to ground as motivational tactic

Lionel Messi cleared of tax fraud charges

Clemson WR Mike Williams 'likely' out for rest of season

Week 5 NFL game watchability rankings

Gregg Popovich makes LaMarcus Aldridge sit out practice

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.
Get it now!
Ios_download En_app_rgb_wo_45

10 matchups to watch during NFL Week 5

Top 10 storylines for Week 6 of the college football season

Astros pitch their way to 3-0 win in WC game

Arrieta-Cole, objectively one of best playoff matchups ever

The controversy and numbers behind the 'CONCACAF Cup'

Why the Thunder starters need to stay healthy

Roddy White: I want to catch passes

Five questions about the 2015 AL Wild Card game

Bowling Green State coach saves motorist from serious injury

Bills defenders: Odell Beckham Jr. is a prima donna

Today's Best Stuff
For Publishers
Company Info
Follow Yardbarker