Re: Pisscubes Bitches About Curt Schilling: The Thread
Posted: Thu Aug 27, 2015 9:25 am
you see his collection of nazi shit?
Move along Paulo's boss. Nothing to see here.
https://www.reeelapse.com/
Except he beat it, and now he sees himself as even more of a warrior with a god complex. Fuck that guy.Zap Rowsdower wrote:I like to think he got cancer as comeuppance.
Signing back in after over 9000 years to tell you xasthur fans I was right. At least, the gubmint thinks so.Pisscubes wrote:So do you think this was fraud? I'm wondering what will come out in the audits.Zap Rowsdower wrote:That's the motivation behind all corporate fraud. It just becomes to large to keep going, but during that time, the person running the illegitimate books believes that it will somehow turn itself around through their acumen. Look at Peregrine/MF Global. Then everyone involved has their arms up like "we don't know what happened to all the money."Pisscubes wrote:It's really amazing how all he kept thinking was "It'll work out somehow" and just continued.Wang Mandu wrote:http://www.bostonmagazine.com/articles/ ... -end-game/
Great article about the whole situation. Schilling really is a moron.
Bond Deal For Ex-MLB Star's Gaming Co. Was Fraud: SEC
Share us on: By Max Stendahl
Law360, New York (March 7, 2016, 11:41 AM ET) -- The U.S. Securities and Exchange Commission on Monday accused a Rhode Island business development agency and Wells Fargo of defrauding investors in a municipal bond deal to finance a now-defunct video game company started by former Major League Baseball star Curt Schilling.
The SEC filed a complaint in Providence federal court alleging that the Rhode Island Economic Development Corp. and bond underwriter Wells Fargo Securities used misleading documents to entice investors to bankroll 38 Studios LLC in November 2010. The company went bankrupt in 2012.
According to the suit, the development agency issued $75 million in bonds for 38 Studios, and loaned $50 million of the proceeds to the company. Investors were told they would be paid back using revenues from video games that 38 Studios planned to create.
The SEC claimed in the suit that bond offering documents failed to disclose that the company had said it needed at least $75 million to develop one particular game, creating a significant shortfall in funding.
“In light of the other disclosures made in the offering document, this omission was significant, and rendered the offering document a misleading half-truth,” the complaint said.
Neither Schilling, a former star pitcher for the Boston Red Sox, nor 38 Studios was named as a defendant in the suit.
"Municipal issuers and underwriters must provide investors with a clear-eyed view of the risks involved in an economic development project being financed through bond offerings,” SEC Division of Enforcement Director Andrew Ceresney said in a statement. “We allege that the RIEDC and Wells Fargo knew that 38 Studios needed an additional $25 million to fund the project yet failed to pass that material information along to bond investors, who were denied a complete financial picture.”
The SEC also accused Wells Fargo of receiving almost double the amount of compensation as was disclosed to investors. The additional payments were the result of a “side deal” with 38 Studios and posed a potential conflict of interest, the complaint said.
The complaint included claims against Wells Fargo’s lead banker on the bond deal, Peter Cannava, and two former RIEDC executives, Keith Stokes and James Michael Saul. Stokes and Saul each agreed to settle the allegations for $25,000, without admitting or denying fault. The suit will continue against Cannava, the RIEDC and Wells Fargo.
The bank said in a statement Monday that it disputed the allegations and planned to respond in court.
Separately on Monday, the SEC said it had reached a $192,400 settlement with First Southwest Co. LLC, which served as the RIEDC’s financial advisor for the bond offering. The agency accused First Southwest of failing to promptly document the services that it was providing in the deal.
Meanwhile, the RIEDC is still pursuing a 2012 suit in Rhode Island state court against Wells Fargo, Schilling and others over the 38 Studios loan, claiming they misled the state about risks associated with the deal.
Kayla Rosen, a representative for the RIEDC, which is now called the Rhode Island Commerce Corp., said in a statement that Monday's allegations by the SEC were "consistent" with its own suit.
"The Corporation will continue to work toward its goals of recouping money for Rhode Island and holding the defendants in the Commerce Corporation’s lawsuit accountable," Rosen said.
When asked about his perspective on social issues—gay marriage, abortion—Prince tapped his Bible and said, “God came to earth and saw people sticking it wherever and doing it with whatever, and he just cleared it all out. He was, like, ‘Enough.’"
and you know he seriously believed that he was going to blow jake tappers mind with thatNecrometer wrote:CW's video about schilling praising the hotness of little kids
schilling on jews & democrats