Wednesday,  December 11 , 2024

Linkedin Pinterest
News / Sports

Emails: Schilling firm slow to allow audit access

The Columbian
Published: July 4, 2012, 5:00pm

PROVIDENCE, R.I. (AP) — Auditors for Rhode Island tried unsuccessfully for days to examine the financial records of former Boston Red Sox pitcher Curt Schilling’s video gaming company as it teetered on the edge of bankruptcy, documents show.

Emails obtained by The Associated Press under a public records request show that David Gilden, an attorney for the state Economic Development Corp., made a series of frustrated attempts in May to get its auditors access to 38 Studios’ general ledger, email and file servers.

Schilling’s firm — which was lured to Rhode Island from Massachusetts in 2010 with a $75 million loan guarantee approved by the development agency’s board — laid off its entire staff May 24. Earlier in the month, 38 Studios’ board approved filing for bankruptcy protection.

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...