It appears that dead horses just can’t go unbeaten. Not to anyone’s surprise, but 38 Studios (amidst layoffs and defaulting on payments) has formally declared bankruptcy and the story of Project Copernicus can finally come to an end, no? Wrong.
According to the Providence Journal, Col. Steve G. O’Donnell of the Rhode Island State Police made a statement that his agency, along with the FBI, US Attorney General, and the Rhode Island Attorney General are in the process of investigating 38 Studios due to activities that have recently come to light, according to the statement. The report doesn’t go into any more details.
O’Donnell was referencing the $75 million loan to 38 Studios as well as another $8 million loan from Bank RI from earlier this year.
So it seems the lid isn’t closed on 38 Studios just yet.
(Source: Providence Journal)