Curt Schilling’s failed 38 Studios will not face federal charges

Recommended Videos

The repercussions from the collapse of Curt Schilling’s 38 Studios in Rhode Island continue to rumble on (not least for its unfortunate former employees), but one matter has now been settled. A spokesman for U.S. Attorney Peter Neronha has told the Associated Press that no further federal action is being taken against the defunct studio. TheĀ U.S. Attorney’s office had conducted a “narrow, focused” review, to see if 38 Studios had broken any federal laws (including bank fraud).

Rhode Island State Police are still conducting a similar investigation, looking into whether 38 Studios broke any state laws. “We follow all leads that are presented to us,” says police head Col. Steven O’Donnell.

The Governor of Rhode Island, Lincoln Chafee, said he would not comment on the closure of the federal investigation while the state investigation was still ongoing.

38 Studios was enticed to Rhode Island in 2010 with the promise of a $75 million USD loan guaranteed by the state. Reported expenditure of $5 million USD per month and a lack of progress on the MMO dubbed ‘Copernicus’ (pictured) resulted in the studio’s sudden closure and bankruptcy in May 2012.

Source: Business Week


PC Invasion is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article Dragon’s Dogma player discovers a problem with NG+ Pawns being a little overpowered
Dragons Dogma player discovers a problem with NG+ Pawns being a little overpowered
Read Article Dragon’s Dogma 2 player receives both Prey for the Pack quest endings
Prey For The Pack Dragon's Dogma 2
Read Article Best Acheron build in Honkai Star Rail: Light Cone, Relics, and Trace priority
Honkai Star Rail Acheron
Related Content
Read Article Dragon’s Dogma player discovers a problem with NG+ Pawns being a little overpowered
Dragons Dogma player discovers a problem with NG+ Pawns being a little overpowered
Read Article Dragon’s Dogma 2 player receives both Prey for the Pack quest endings
Prey For The Pack Dragon's Dogma 2
Read Article Best Acheron build in Honkai Star Rail: Light Cone, Relics, and Trace priority
Honkai Star Rail Acheron