Rhode-Island

38 Studios Files Chapter 7 Bankruptcy After $75 Million Rhode Island Loan Guarantee, Leaving Taxpayers with $38.6 Million Loss

2012-06-07 00:00:00 +0000 UTC | Importance: 8/10

On June 7, 2012, 38 Studios LLC—the video game development company founded by former baseball star Curt Schilling—files for Chapter 7 bankruptcy with $151 million in debt and just $22 million in assets, leaving Rhode Island taxpayers to absorb $38.6 million in losses from a $75 million state loan …

Curt Schilling 38 Studios LLC Rhode Island Economic Development Corporation Lincoln Chafee Wells Fargo +1 more corporate-welfare economic-development bankruptcy taxpayer-losses rhode-island +3 more

Providence Mayor Buddy Cianci Convicted in Operation Plunder Dome Corruption Trial, Sentenced to Five Years for Racketeering Conspiracy

2002-06-24 00:00:00 +0000 UTC | Importance: 7/10

After a seven-week federal trial, Providence Mayor Vincent “Buddy” Cianci Jr. is convicted on June 24, 2002, of one count of racketeering conspiracy as the culmination of Operation Plunder Dome, the FBI’s multi-year undercover investigation into systematic corruption within …

Vincent "Buddy" Cianci Jr. Federal Bureau of Investigation U.S. Attorney's Office U.S. District Judge Ernest Torres Providence City Government corruption racketeering operation-plunder-dome rhode-island municipal-corruption +3 more