State sues former Red Sox pitcher over failed loan

Rhode Island says Curt Schilling and others committed fraud

Rhode Island filed suit yesterday against a former Boston Red Sox pitcher, claiming he and others committed fraud and engaged in racketeering and conspiracy by misleading the state into approving a $75 million loan guarantee for a video game company.

Filed in Rhode Island Superior Court, the suit claims that pitcher Curt Schilling and other executives attached to 38 Studios knew the company was in financial trouble but concealed that information from Rhode Island’s Economic Development Corp. (EDC), which made the final decision to back the loan. 38 Studios ran out of money earlier this year, and the company filed for bankruptcy in June.


Cathleen Flahardy

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.