News Summary: RI, feds probing Schilling company

SCOPE: The head of the Rhode Island state police says the federal and state probes into former Red Sox pitcher Curt Schilling’s troubled video gaming company extend to all the firm’s financial transactions.

WHAT HAPPENED: 38 Studios moved to Providence after the state approved a $75 million loan guarantee. Now, with the firm’s bankruptcy filing, state officials are trying to determine how much taxpayers might be on the hook for.

PROMISES: The loan guarantee was supposed to lead to hundreds of jobs and millions of dollars in tax revenue.

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