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RI agency, bank accused of fraud over Schilling’s 38 Studios

The U.S. Securities and Exchange Commission on Monday charged Rhode Island's economic development agency and Wells Fargo with defrauding investors in the state's disastrous $75 million deal with 38 Studios

By Associated Press
· Updated May 25, 2026 2:02 PM · 3 min read read
RI agency, bank accused of fraud over Schilling’s 38 Studios
RI agency, bank accused of fraud over

The U.S. Securities and Exchange Commission on Monday charged Rhode Island's economic development agency and Wells Fargo with defrauding investors in the state's disastrous $75 million deal with 38 Studios

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