Curt Schilling, 38 Studios, and Rhode Island

I wonder if anybody in power will actually get charged for this stupidity

RI is seeking an audit, I think.

Rhode Island also may launch a forensic audit of Schilling’s company as soon as tomorrow.

oh boy

wat is "forensic audit"

http://en.wikipedia.org/wiki/Forensic_audit

http://en.wikipedia.org/wiki/Forensic_accounting

One of the less popular CSI brands then

maybe they'll do a 30 for 30 on this

Nearly all of the Rhode Island Economic Development Corporation's board of directors have resigned or asked not to be reinstated when their terms end. and will be fleeing the state just as quickly as their little feet will carry them.

Pareene:

http://www.salon.com/2012/05/31/welfare_baby_curt_schilling_i_am_not_a_welfare_baby/singleton/?mobile.html

See, Curt, it translates into “welfare baby” because you are… begging the government to give you more money? (Schilling also blamed independent Rhode Island Governor Lincoln Chafee — who opposed the loan guarantee deal from the beginning — for 38 Studios’ failure, saying that if the governor hadn’t pointed out publicly that the company was out of money, no one would have noticed that they were out of money, and they could have attracted investors from the private sector, who are of course chomping at the bit to throw money at a video game company founded by a former professional baseball player that successfully released one game in six years.)

i remember a Schilling interview way back when where he stated that we were living in the end times, smh

he got a state to give him $75 million to make a videogame so he may have a point

^lol

http://cache.boston.com/bonzai-fba/Original_Photo/2007/10/21/1192973855_3249.jpg

http://h9.abload.de/img/simpsons-mmorail-smalsrzqe.gif

lol

brilliant

In February, the day after 38 Studios released its first game, Schilling posted 3,200 gold coins — worth roughly $5 million at current prices — as collateral for a loan from Bank Rhode Island in Providence, according to financing statements filed in Massachusetts.

oh my god.

http://articles.boston.com/2012-06-01/news/31963290_1_gold-coins-canadian-maple-leafs-tax-credits

Coins ‘N Things declined to talk about its relationship with Schilling.

the name coins 'n things is really funny

In February, the day after 38 Studios released its first game, Schilling posted 3,200 gold coins — worth roughly $5 million at current prices — as collateral for a loan from Bank Rhode Island in Providence, according to financing statements filed in Massachusetts.

oh my god.

― real men have been preparing manly dishes for centuries (elmo argonaut), Sunday, June 3, 2012 11:54 AM (1 hour ago) Bookmark

it's not that impressive, he had a cheat code on so he wouldnt sustain damage and lose the coins

What the fuck is it with right wing weirdos and gold coins?

(I mean i know what it is, but for Pete's sake.)

hahaha took me seriously like 3 minutes of rereading that sentence to realize that we were talking *actual gold coins* and not wowgold or somethin

The Kotaku commenters on any article on this are predictably terrible.

still laughing at all these gold coins

"but i've put so much of my personal wealth back into the economy!" *hoards gold coins*

curt schilling is literally a dragon, obv

the real money's in palladium. i have an uncle who buys up bars of palladium and keeps it in the attic, with a honey trap made out of gold in front to 'fake out' the thieves.

http://fawkes.rpgresource.net/images/latinum_slip.jpg

my ferengi lawyer advised me to invest in gold-pressed latinum

at least he still has his +3 Helm of Warding

don't really follow MMOs, but does this article seem on point?
http://www.quartertothree.com/fp/2012/06/04/what-happened-to-38-studios/

also like this comment:

Some more details:

-This particular loan was backed, in large part, by stimulus funds. The stimulus which Curt railed against.

-They laid off the entire staff Friday. The staff got an email from
Schilling and the board which consisted of three lines. Not even a good
luck or goodbye.

-38 Studios helped lure people into Rhode Island by helping them sell
their homes. Except they didn't and now some of the laid off staff are
getting messages from the bank wondering why they haven't paid their
second mortgage.

-Schilling claimed to have put 30mil into the project, when papers
revealed he only put in the 4mil. There's evidence that the first thing
he did was pay back the 4mil he put in.

-The state borrowed from the banks in order to do this. The banks made 7% on this and have already been paid in full.

-I read the Facebook wall post of a friend of a friend who was part of the 38 studios layoff. His resume? Full Sail University.

curt schilling is the worst person.

― judas, a homo (elmo argonaut), Friday, May 25, 2012 11:37 AM (4 hours ago) Bookmark Flag Post Permalink

― lag∞n, Friday, May 25, 2012 3:49 PM (1 week ago) Bookmark Flag Post Permalink

I wish Karl Ravech or somebody, anybody, would just ambush the hell out of this guy on Baseball Tonight.

when was the last time he was on ESPN? i don't really watch baseball tonight anymore, so i'm genuinely curious. imagine he'd have more important things on his hands.

He was on Baseball Tonight a couple of nights ago, so I guess he's still doing his regular ESPN gig! I had the sound off, waiting for something else at the top of the hour.

that's insane!

Seriously! ESPN has suspended the talent for cuss words, racist headlines, sexist behavior, etc, but apparently bilking RI out of millions and "o snap we didn't really sell your house for you" is ok.

http://www.quartertothree.com/fp/wp-content/uploads/2012/06/38_Studios.jpg

drown curt schilling in a vat of pig shit imho

not to lol at laid-off workers in this economy, but this:

-I read the Facebook wall post of a friend of a friend who was part of the 38 studios layoff. His resume? Full Sail University.

wanna bet the Full Sail University was one of these dudes?!?

http://cache.boston.com/resize/bonzai-fba/Globe_Photo/2012/05/25/1337919654_0011/539w.jpg

Full Sail University ALUMNI, even!

Bankrupt.

http://news.providencejournal.com/business/2012/06/schillings-38-studios-declares-bankruptcy-law-enforcement-investigating.html

Meanwhile, Col. Steven G. O'Donnell, superintendent of the Rhode Island State Police, says that his agency, the FBI, the U.S. Attorney's office and the Rhode Island attorney general "are working together to investigate activities that have recently come to light at 38 Studios."

cmon "curt schilling is a sex trafficker" sideplot

well RI has already had its laws changed by anti human trafficking pressure groups, for instance the legal prostitution loophole was closed a couple years ago

haha m bison

i feel like this is the right thread to tell the world that i would love to play a baseball RPG

omg if he went to jail that would be the greatest thing ever.

btw, what i got out of reading some articles on the providence journal's site is that 38 managed to secure an $8.5 million cash loan from a bank with $14.5 million in PROMISED tax credits??? how the fuck can you use theoretical tax credits (which i imagine assumes that you're making enough money as a company to even owe $14 million in taxes it he first place) to secure a cash loan?

i know shit about the financial industry but isn't that fraud?

haha yeah i think that's what the police / FBI investigation is gonna be about. well, that and state political corruption leading up to the initial EDC loan guarantee, probably?

seems like when youre engaging in corruption its prob a good idea to stay away from celebrities as they tend to generate headlines