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FEATURED VOXPOP shandog137
A Letter to the Big “N"
By shandog137
Posted on 09/12/14
I have and will continue to have a place in my heart for Nintendo. In fact, my first console was a Super Nintendo. The video game market has changed drastically since the early '90s and it seems like what once was platinum is more so along the lines of silver now. Nintendo has always been...

GAMING NEWS

Federal Investigation Against 38 Studios Dropped

Posted on Tuesday, October 2 @ 12:35:50 Eastern by Keri_Honea

Finally, the remains of 38 Studios can put one more thing behind them: the federal investigation for bank fraud. The US Attorney's office has officially closed the investigation and further said that they will bring new charges against the studio from their findings.

On the one hand, this is great, great news for entity. However, they aren't completely out of the woods yet. The Rhode Island State Police are still conducting their investigation to see if the studio violated any state laws during their brief existence in Rhode Island.

Hopefully no charges will be brought on this account either, as the developer is still in hot water after defaulting on their $75 million loan from the state. The Associated Press currently estimates that with interest, Rhode Island is owed over $100 million.

[Source]
Tags:   38 Studios
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