UPDATE: Oklahoma City Police still refuse to call the “accident” a suicide. Oddly the USA Today runs an article today on hackable cars being the future. There has also been a lot of people saying he was heading to prison for years. While this could have been a reality, given his knowledge of the business and some of the richest friends in the world, was prison really a possibility given his BILLIONS in wealth. This is the Founding Father of Fracking. Story will continue to be updated. Please share.
This story is sure peculiar. Former CEO of Chesapeake energy, Aubrey McClendon, was indicted on conspiracy charges today but then shortly after the indictment was issued, died in a terrible car crash. Questions remain about the crash via CNN.
“There was plenty of opportunity for him to correct and get back on the road but that did not happen,” Captain Paco Balderrama of the Oklahoma City police said at a press conference. McClendon was driving alone and traveling very fast when his car “drove straight into” an overpass wall, according to the Oklahoma City Police Department. His 2013 Chevy Tahoe was immediately engulfed in flames and investigators concluded he was not wearing a seatbelt.ADVERTISEMENT
Aaron Brackett of Oklahoma City NBC affiliate, KFOR, is reporting the few known details of the crash.
— Aaron Brackett (@Aaron_Brackett) March 2, 2016
According to CNBC.com, the indictment was filed Tuesday and showed McClendon to be in charge of a conspiracy using bid rigging between two companies from 2007 to 2012.
“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,” said U.S. Assistant Attorney General Bill Baer in a statement. “His actions put company profits ahead of the interests of leaseholders entitled to competitive bids for oil and gas rights on their land.”
The story continues to develop. Theories of a possible suicide seem to be spreading but when you realize how much this man loved challenges and the statements he made, I hardly see suicide as a plausible explanation. The car traveling at a high rate of speed and unable to turn or slow down, have also been mentioned in cases of murder for hire type deaths.
Chesapeake is the second-largest natural gas producer in the United States. McClendon denied the charges up until his death, according to CNBC.
“The charge that has been filed against me today is wrong and unprecedented. I have been singled out as the only person in the oil and gas industry in over 110 years since the Sherman Act became law to have been accused of this crime in relation to joint bidding on leasehold,” McClendon said in a statement. “Anyone who knows me, my business record and the industry in which I have worked for 35 years, knows that I could not be guilty of violating any antitrust laws.”
Given the nature of his quote, about being “singled out” gives one the impression that he had a lot to say about the business dealings in the oil and fracking industry. These comments must have made a lot of people with a lot of money and political power very nervous.
Some facts about Aubrey McClendon:
He has become a billionaire by directing his company, Chesapeake Energy, to blast apart gas-soaked rocks a mile underground and pump the fuel to the surface. “We’re the biggest frackers in the world,” he declares proudly over a $400 bottle of French Bordeaux at a restaurant he co-owns in his hometown of Oklahoma City. “We frack all the time. What’s the big deal?”
Owned 20% of the Oklahoma City Thunder NBA Basketball Team.
Was named one of the Top 100 Landowners In The USA.
McClendon was an influential right-wing power broker – he helped fund the Swift Boat attacks against John Kerry in 2004, donated $250,000 to the presidential campaign of Rick Perry, and contributed more than $500,000 to stop gay marriage.
Was once dubbed by Forbes Magazine as “America’s Most Reckless Billionaire”
He is the Uncle of actress Kate Upton.
His death is a terrible tragedy, but the questions of why a man with a net worth in the billions, would commit suicide in a white collar crime such as this seem implausible. This story reminds me more of a man with a lot of secrets, getting into legal trouble, with too much to say about too many high ranking oil companies and politicians. His silence will provide a lot of relief to some very wealthy families in the fracking industry.
This story is breaking news and we will continue to update.