Schilling Put Up $5M In Gold Coins As Collateral For 38 Studios Loan

June 1, 2012 12:00 AM
Schilling Put Up $5M In Gold Coins As Collateral For 38 Studios Loan
" PROVIDENCE, R.I. (AP) — Former Red Sox pitcher Curt Schilling put up more than 3,000 gold coins worth about $5 million at current prices as collateral for a loan the day after his now troubled video gaming company released its first game in February.

The Boston Globe reports that Schilling posted 3,200 gold coins as collateral for a Bank Rhode Island loan, according to financing statements filed in Massachusetts.

The documents don’t say how much the loan was for or what it was to be used for "

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