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Friday, May 09, 2014

Threats Sent to R.I. Lawmakers Probing Schilling Deal

Have any of them received a bloody sock in the mail?

Two Rhode Island legislators investigating the collapse of former Red Sox pitcher Curt Schilling’s bankrupt video-game company have received poison-pen letters.

Representatives Karen MacBeth and Michael Chippendale have been leading the House Oversight Committee’s probe into the collapse of 38 Studios LLC and the $75 million of taxable municipal bonds issued to support the company.

“You have a beautiful family,” said the letter to Chippendale, which arrived April 29. “Stop poking around.”

The meaning was unmistakable, he said yesterday.

“The only common link between Representative MacBeth and me is this investigation,” said Chippendale, a Foster Republican. “So it’s clear what they’re talking about.”

Schilling, a former Major League Baseball player who pitched on the team that won the 2004 World Series, has gone from being an economic-development hero to the center of a fiscal scandal. The former Rhode Island Economic Development Corp., now called Commerce RI, in 2010 sold the debt to lure his 38 Studios. The video-game maker filed for bankruptcy about two years later, leaving the state on the hook.

The U.S. Securities and Exchange Commission is investigating the financing, Rhode Island is suing the insolvent company and lawmakers are looking into the affair.

RoyalsRetro (AG#1F) Posted: May 09, 2014 at 12:14 PM | 0 comment(s) Login to Bookmark
  Tags: curt schilling

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