Calling on lawmakers to investigate 38 Studios

Posted 9/17/15

Dear Cranston state senators and House representatives:

We have so few chances in life to make the wrongs right, and that is exactly what we have when facing 38 Studios. This investigation is …

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Calling on lawmakers to investigate 38 Studios

Posted

Dear Cranston state senators and House representatives:

We have so few chances in life to make the wrongs right, and that is exactly what we have when facing 38 Studios. This investigation is not only to point fingers and find out who the wrong doers are, but to learn how something like this could have unraveled so quickly. I understand neither the House nor Senate are investigators, but you voted as if you were investors. The investment was a loan of $75 million into a single company, nothing like putting all your eggs in one basket, and it failed. The investigation should be into how a vote of such confidence into a company that no other venture capitalist would touch was abandoned so quickly leaving everyone wondering how it failed. I call on our representation to investigate so we can ensure that this type of mistake is not made again in the future as might just be the case with the PawSox new ownership.

I am calling on the following: State Sens. Frank S. Lombardi, Hanna Gallo and Joshua Miller, and state Reps. Charlene Lima, Nicholas Mattiello, Robert Lancia, Robert Jacquard, Arthur Handy, Joseph McNamara, David A. Bennett, Michael J. Marcello and Stephen Ucci, with most urgency for a public stance on the investigation from Sen. Miller and House Speaker Mattiello. Sen. Miller, because of your service on RIEDC before becoming a senator, along with being a local business owner yourself. Speaker Mattiello, due to your prior position as the house majority leader along with creating the Economic Development Planning Council.

I would also request that all documentation old and new be released to the public upon the start of the investigation, and continuously as more is available, in its entirety without alteration. I request that our elected officials publicly announce their position while focusing their efforts on pushing the Joint Committee on Economic Development to investigate. I will contact each of the listed officials and follow with a list weekly on their positions.

Jonathan Keith

Cranston

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