Federal judge approves 38 Studios settlement

R.I. Commerce Corp. pay $50,000 to settle allegations it defrauded investors
R.I. Commerce Corp. pay $50,000 to settle allegations it defrauded investors
PROVIDENCE – A federal judge on Monday ordered R.I. Commerce Corp. to pay $50,000 to settle allegations it defrauded investors to fund the now-defunct video game company 38 Studios LLC. U.S. District Judge John J. McConnell Jr. approved a settlement between Commerce, the state’s economic-development arm, and the U.S. Securities Exchange Commission. In exchange for…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display