March 2, 2016

CEO Of Energy Corporation, Dies In Car Accident, Day After He Was Indicted

[From article]
Aubrey McClendon, the founder and former CEO of oil and gas giant Chesapeake Energy, died Wednesday in a single-car crash in Oklahoma City, a day after he was charged with bid-rigging in the energy markets.
McClendon, 56, was driving at a “high rate of speed” at about 9 a.m. when he drove through a grassy area and crashed head-on into a wall, dying instantly in a 2013 Chevy Tahoe, Oklahoma City police Capt. Paco Balderrama said at a press conference.
The car erupted into a fireball after, charring the crushed hull of the vehicle, according to photos of the scene.
It wasn’t immediately clear if the crash was an accident.
McClendon’s death comes one day after a federal grand jury indicted him on charges of conspiring to rig the price of oil and gas leases in Oklahoma.
“While serving as CEO of a major oil and gas company, the defendant formed and led a conspiracy to suppress prices paid to leaseholders in northwest Oklahoma,” US Assistant Attorney General Bill Baer said in a statement Tuesday.

Energy mogul dies in fiery car crash day after indictment
By Kevin Dugan
New York Post
March 2, 2016 | 3:19pm

No comments: