EDC
SEC subpoenaes RICC for more information pertaining to 38 Studios investment, subsequent lawsuit
In September, the US Securities and Exchange Commission (SEC) began an investigation into the $75 million loan handed to 38 Studios by the state of Rhode Island’s Economic Development Corporation (EDC), which as of January 1 was renamed the Rhode Island Commerce Corporation (RICC). Today, it has come to light that the SEC has subpoenaed […]
EDC headlines
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SEC investigating $75-million loan handed to 38 Studios
The SEC is investigating the $75-million taxpayer-backed loan given to Curt Schilling’s 38 Studios by the Rhode Island Economic Development Corporation.