Mar. 2nd, 2016

walkitout: (Default)
Trigger warning: suicide

http://www.bloomberg.com/news/articles/2016-03-01/chesapeake-co-founder-mcclendon-indicted-over-lease-bid-rigging

""He pretty much drove straight into the wall," Balderrama said, according to KFOR News Channel 4 in Oklahoma City. "The information out there at the scene is that he went left of center, went through a grassy area right before colliding into the embankment. There was plenty of opportunity for him to correct and get back on the roadway, and that didn’t occur.""

Older novels of a Certain Sort often have climaxes in which some rich, older dude is caught doing something shady. The private detective -- or even, sometimes, the clever cop -- who finally comes up with proof allows the man to retire briefly to a study, where he puts a period to his life. I sort of never really believed that this happened in real life or, if it did, it wasn't likely to ever recur now. I mean, lawyers can drag this shit out for a really long time.

However, maybe in the post-Madoff world, we're back to the old days.

The last few years had not been easy ones for him: forced out of his company by a shareholder revolt led by Icahn and others, he was very recently accused of bid rigging.

"McClendon was accused of orchestrating a scheme between two “large oil and gas companies” to not bid against each other for leases in northwest Oklahoma from December 2007 to March 2012, the Justice Department said Tuesday in a statement."

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