HomeMagazine2016March 2016, Vol. 243, No. 3Chesapeake Energy Ex-CEO McClendon Indicted

March 2016, Vol. 243, No. 3

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Chesapeake Energy Ex-CEO McClendon Indicted

OKLAHOMA CITY (AP) — Aubrey McClendon, the former chief executive of Chesapeake Energy Corp., was indicted Tuesday on a charge of conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma. The Department of Justice said in a statement that McClendon is suspected of orchestrating a scheme between two large energy companies, which are not named in the indictment, from December 2007 to March 2012. The companies would decide ahead of time who would win bids, with the winner then allocating an interest in the leases to the other company, according to the statement. McClendon denied violating antitrust laws in a statement released Tuesday. “The charge that has been fi

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