No Federal Charges On Schilling’s 38 Studios

PROVIDENCE, R.I. (AP) — The U.S. Attorney’s office in Rhode Island says no federal criminal charges will be brought in the case of the video game company owned by former Red Sox pitcher Curt Schilling, which received a $75 million state loan guarantee before going belly up. A state investigation continues.

A spokesman for U.S. Attorney Peter Neronha told The Associated Press on Friday that the office conducted a narrow and focused review of 38 Studios to see if any federal laws were broken, including bank fraud. He says no further federal action is planned at this time.

Col. Steven O’Donnell, head of the Rhode Island State Police, said the investigation into whether any state laws were violated is still open and being pursued.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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