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| Chesapeake Energy boss Aubrey McClendon dies in car crash | Chesapeake Energy boss Aubrey McClendon dies in car crash |
| (about 11 hours later) | |
| The former chief executive of Chesapeake Energy was killed in a car crash on Wednesday , one day after he was accused of fixing bids for oil and gas leases. | The former chief executive of Chesapeake Energy was killed in a car crash on Wednesday , one day after he was accused of fixing bids for oil and gas leases. |
| Police reported Aubrey McClendon, 56, was the only person in the vehicle when it smashed into a concrete pillar. | Police reported Aubrey McClendon, 56, was the only person in the vehicle when it smashed into a concrete pillar. |
| He was charged on Tuesday with conspiring with two energy companies to rig the price of oil and gas contracts. | He was charged on Tuesday with conspiring with two energy companies to rig the price of oil and gas contracts. |
| Mr McClendon, who stepped down from Chesapeake in 2013, denied the charges. | Mr McClendon, who stepped down from Chesapeake in 2013, denied the charges. |
| In a statement on Tuesday, he said: "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." | |
| Police are still investigating the cause of the accident, but said the car was burned so badly it was difficult to tell if Mr McClendon was wearing a seatbelt. | Police are still investigating the cause of the accident, but said the car was burned so badly it was difficult to tell if Mr McClendon was wearing a seatbelt. |
| A spokesperson for the Oklahoma City police did say the former energy boss "drove straight into the wall". | |
| Anti-trust charges | Anti-trust charges |
| On Tuesday, the Department of Justice accused Mr McClendon of having been involved in an anti-trust scheme between 2007 and 2012. | On Tuesday, the Department of Justice accused Mr McClendon of having been involved in an anti-trust scheme between 2007 and 2012. |
| The scheme involved two companies - which the Justice Department did not name - deciding who would have the winning bid for oil and gas lessees ahead of the offer and than splitting the contract after it was awarded. | The scheme involved two companies - which the Justice Department did not name - deciding who would have the winning bid for oil and gas lessees ahead of the offer and than splitting the contract after it was awarded. |
| Mr McClendon stepped down as the head of Chesapeake Energy in 2013 amid a concerns about his heavy spending and a shakeup in the company's corporate governance. He is considered one of the fathers of the US fracking industry. | Mr McClendon stepped down as the head of Chesapeake Energy in 2013 amid a concerns about his heavy spending and a shakeup in the company's corporate governance. He is considered one of the fathers of the US fracking industry. |
| He went on to found American Energy Partners where he served as chairman and chief executive. He was also a partial owner of the US basketball team the Oklahoma City Thunder. | He went on to found American Energy Partners where he served as chairman and chief executive. He was also a partial owner of the US basketball team the Oklahoma City Thunder. |