The Oklahoma City Police Department confirmed McClendon's identity after the car crash occurred around 9 a.m. CT.
...Per Reuters News on Twitter, police said McClendon's car had "plenty of opportunity to get back on the roadway and that didn't occur." They also stated the vehicle was "so badly burned" that officers were unable to determine if McClendon was wearing a seat belt.
Wednesday, March 02, 2016
A Well-Timed "Auto Accident"
"Let all the poisons that lurk in the mud hatch out":
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This is a huge story here in Oklahoma. The reach of the federal investigation remains a mystery. It may well be something that extends to many energy companies.
ReplyDeleteMcClendon is regarded by some here as a saint and by others as a villain. He certainly had a major impact on the economy of Oklahoma during the last ten years. But his fast and loose spending as well as bully tactics used to take over properties he wanted are definite black marks against him.
The biggest mystery from my point of view is that, while he was charged with rigging lease bids to avoid competition, Chesapeake was well known for massively overpaying for oil and gas leases. There is something here a lot bigger than what any of us suspected going on here. Developments in the case will be interesting.
As to why McClendon chose suicide, he may have known that he would lose everything if he went to trial. Apparently such federal cases have a conviction rate of 97-98%. He was known to have studied Enron closely and it appears to me that he used Ken Lay's exit as a model of his own to protect the finances controlled by his family.
Very interesting! So, I guess McLendon's indictment will be vacated now, like Ken Lay's.
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