PROVIDENCE — No federal criminal charges will be brought in the case of the video game company owned by former Red Sox pitcher Curt Schilling, which received a $75 million state loan guarantee before going belly up, the US Attorney’s office in Rhode Island said Friday.
A state investigation continues.
Jim Martin, a spokesman for US Attorney Peter Neronha, said the office conducted a narrow and focused review of Schilling’s 38 Studios to determine whether any federal laws were broken, including bank fraud.
‘‘No further federal action is planned at this time,’’ he said.
Colonel Steven O’Donnell, head of the Rhode Island State Police, said the state inquiry into whether state laws were violated is still open.
An investigation into federal bank fraud could have looked at whether any false statements or false information was given to banks that loaned money to the company, among other questions.
A spokeswoman for Governor Lincoln Chafee said he would not comment because of the ongoing state investigation. A spokeswoman for Attorney General Peter Kilmartin did not immediately return a message seeking comment.
State and federal authorities announced they were looking into the 38 Studios’ finances in June, the same day the firm filed for bankruptcy.