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Subpoenas to be issued over 38 Studios fiasco
Subpoenas to be issued over 38 Studios fiasco
April 3, 2014 | By Mike Rose

April 3, 2014 | By Mike Rose
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Rhode Island's House Oversight Committee has a new chairwoman, and she plans to subpoena all the key figures in the 38 Studios deal that went wrong two years ago.

Back in 2012, Kingdoms of Amalur team 38 Studios collapsed, causing great troubles for the state of Rhode Island, which had loaned the company $75 million for follow-up Project Copernicus.

Now Rep. Karen MacBeth is seeking subpoenas for multiple key people involved in the case, including 38 Studios founder Curt Schilling, former House Speaker Gordon Fox and former House Finance Chairman Steven Costantino.

"I think we owe it to the State to have answers from people that were involved," MacBeth told WPRI. "It isn't a witch hunt - it's certainly about getting answers."

"I would look to bring anybody that I think can give us answers," MacBeth added. "The state wants answers about what happened. I think it's my duty to get answers now."

MacBeth said that they need to be asking, "When did people know about this? And what did they know? When you look at some of the financial information that we haven't been given, it clearly shows that this was a bad investment."


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Comments


Michael Wenk
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Sounds like a witch hunt to me.

Jim Thompson
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I sincerely hope Rhode Island is never called home by any tech company going forward. Their refusal to admit to themselves the risks associated with any creative investment...

Bah. I could rant about their misdeeds for an hour. They poisoned their own well is the long and short of it.

Greg Scheel
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I would argue that this has a lot to do with the total abandonment of the proper role of government in society. They blew money on an ill-advised commercial effort, rather than education, healthcare, and infrastructure.


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