Posted on 03/02/2016 12:28:02 PM PST by Nachum
Just one day after the DOJ unveiled its had indicted Chesapeake Founder and former CEO Aubrey McClendon on federal charges of conspiring to rig bids for oil and natural gas leases, moments ago the Oklahoma Police announced that he was found dead in a car accident, when while traveling in a 2013 Chevy Tahoe at a high rate of speed he crashed while driving on a two-lane highway and was engulfed in flames.
The police adds that it responded at 9:12 am to a fatality accident involving McClendon, and that he was traveling south on Midwest Blvd., between Memorial and 122nd St.. The scene of the crash:
Oklahoma Police reveals more details on the crash in the CNBC clip below:
(Excerpt) Read more at zerohedge.com ...
Thanks for coming. The umbutment left out at him. Never mind the millions in debt.
any connection to the Clintons?
Looks like suicide by abutment.
Suicide by immovable object?
Coal is dirty guy?
Line of credit ran out. Note due.
Wasn’t there an investigative reporter who was “on to something” who died under similar circumstances shortly after indicating he was in fear of his life?
Wish Hillary had that kind of honor.
10 out of 10 for choice of target
2 out of 10 for choice of vehicle
I’d have signed papers on a new Audi R8 for this.
I recall the Enron guy died before he was convicted as well, so they couldn’t sue his estate - he took one for the family.
And the stock is up 25%??? Bet it goes down soon so the ‘conspirators’ can buy it up cheap.
The usual single vehicle suicide crash into an abutment.
Sad, people really should not do this. He could have survived jail.
Sometimes honor has to be instilled from without. The way Hillary’s going I wouldn’t be surprised if she died in a tragic accident.
Probably need to add in 'reportedly' before 'died'. As I recall, the identification of the body didn't pass the smell test, and there was a quickie cremation. Rumors were bouncing around Texas shortly after the event that Ken Lay headed south. Even CNN Money dealt with it in passing . http://money.cnn.com/2006/07/06/commentary/wastler/
EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Chesapeake Energy Corporation
3:44 PM ET 3/2/16 | BusinessWire
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Chesapeake Energy Corporation (NYSE:CHK) resulting from allegations that Chesapeake Energy may have issued materially misleading business information to the investing public.
On March 1, 2016, a federal grand jury indicted Chesapeake Energy’s former chief executive officer Aubrey McClendon on charges of conspiring with an unnamed company to rig the price of oil and gas leases in Oklahoma. The indictment alleged that McClendon orchestrated a campaign to keep bid prices down from 2007 to 2012 while he was CEO of Chesapeake Energy.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Chesapeake Energy investors. If you purchased shares of Chesapeake Energy, please visit the firm’s website at http://rosenlegal.com/cases-850.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20160302006444r1&sid=cmtx6&distro=nx&lang=en
View source version on businesswire.com: http://www.businesswire.com/news/home/20160302006444/en/
SOURCE: The Rosen Law Firm, P.A.
Police said McClendon’s car veered off center and crashed into a road median, with “plenty of opportunity” to correct its course and get back on the roadway, according to police.
The car was going well above the 40 miles-per-hour speed limit on the two-lane highway, police said. The vehicle was “completely burned” and McClendon was its sole occupant. An investigation will determine if the former CEO was wearing a seat belt and whether he tried to hit the brakes.
Flashback.
http://newsok.com/article/3063042
McClendon says he’s behind Duke ads Chesapeake CEO purchased ads praising lacrosse team for ‘standing tall’
By Darnell Mayberry
Published: June 6, 2007 Updated: Jun 6, 2007
Aubrey McClendon, co-founder, chairman and CEO of Chesapeake Energy Corporation, said Tuesday that he is the anonymous Oklahoma City oilman who purchased several full-page newspaper advertisements along the East Coast praising the Duke men’s lacrosse team.
McClendon, a 1981 Duke graduate, said he got the idea from a fellow alumnus who purchased a full-page ad in USA Today immediately following the Blue Devils’ national championship loss to Johns Hopkins last week.
McClendon crafted his own version and paid $400,000 for full-page ads to run in the Wall Street Journal, New York Times, Washington Post, Raleigh News & Observer and Durham Herald-Sun. McClendon’s ads praised Duke’s players for “standing tall during extraordinarily difficult circumstances over the past 15 months.”
The Duke men’s lacrosse team played only eight games last season before the university canceled the remaining schedule after a woman alleged she was raped at a March 2006 team party. Three players were indicted but eventually cleared of all charges.
McClendon said he wanted to fund the ads completely anonymously, but newspapers prohibit anonymous advertising. McClendon, whose son, Jack, is a rising senior at Duke and has roomed with a member of the lacrosse team for the past two years, then funded the ads under a generic name, “The Duke Lacrosse Booster Club of Oklahoma City.”
“I knew these young men, and from the minute it happened I knew that they didn’t do it,” McClendon said. “I knew that they probably hadn’t used the best judgment having the party and all that. But I knew that they were not guilty. I knew they were innocent of what they had been accused of.
“I knew that the truth would come out in time, and when it did I wanted to celebrate for these young men publicly their achievements on the field and off the field this year.”
McClendon, who attended the championship game with his wife, Kathleen, a 1980 Duke grad, said he has received positive feedback from the ads, particularly from the team’s players and their families.
“Perfection would have been great,” McClendon said of Duke’s 12-11 championship loss. “Justice would have been served, and if they score that last goal, it’s a fairytale ending.
“It’s a reminder that life isn’t always a fairytale, and these guys know that better than others. They might have been destined to come up a goal short in that game, but they have to be exceptionally proud of themselves for hanging together as a team and making it all that way.”
McClendon agreed with the NCAA’s ruling that permitted Duke lacrosse players another year of eligibility after losing much of their season last year.
“Clearly, in my view, it’s absolutely the right thing for the NCAA to do,” McClendon said. “And sometimes the NCAA seems pretty tone deaf about issues like this, and it’s nice to see them get it right.”
So did the PA official who ate a .357 bullet on camera.
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