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Wednesday, May 30, 2012

Globe.com: RI hires auditor to probe Schilling firm finances

PROVIDENCE, R.I.—Rhode Island has selected an outside auditor to review the finances of former Boston Red Sox pitcher Curt Schilling’s troubled video game company.

Deloitte Financial Advisory Services will conduct the audit, Gov. Lincoln Chafee announced Wednesday.

The audit’s parameters have yet to be determined, but Chafee said he wants it to explore how 38 Studios spent its money and whether any of it went to Schilling.

“There are a lot of questions still out there,” Chafee said.

38 Studios, which was lured to Rhode Island from Massachusetts in 2010 with a $75 million loan guarantee from the state’s Economic Development Corp., laid off its entire work force last week, including about 300 employees in Providence and more in Maryland. The state would likely be responsible for some of 38 Studios’ debts should it collapse.

The 2010 financing deal requires 38 Studios to pay for the audit. State officials said the cost would depend on the scope of the audit.

Tripon Posted: May 30, 2012 at 09:04 PM | 0 comment(s) Login to Bookmark
  Tags: curt schilling

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