Police: No Criminal Charges Filed in 38 Studios Deal

The video game company was given a state-backed loan and taxpayers owed about $116 million after it collapsed in 2012

An investigation into former Red Sox pitcher Curt Schilling's failed video game company, 38 Studios, has resulted in no criminal violations.

Rhode Island State Police Col. Steven G. O'Donnell and Attorney General Peter Kilmartin announced the results of the yearslong investigation Friday.

They say there are "no provable criminal violations" of state law. Nearly 150 people were interviewed and thousands of documents reviewed.

O'Donnell says a bad deal doesn't always equate to an indictment.

The former ballplayer's company relocated to Rhode Island from Massachusetts in 2010 in exchange for a $75 million state loan guarantee. It later went bankrupt, leaving taxpayers on the hook.

The state's economic development agency sued Schilling and others who aided the deal to try to recoup the money.

Copyright AP - Associated Press
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