Stacy Summary: Wow. I think we should expect to see more of this over the next few months as things fall apart in the shale sector. We similarly saw a string of suicides and suspicious deaths in the banking sector a few years ago. McClendon was only indicted yesterday on conspiracy to rig markets (because that’s what all ‘barons’ whether of shale or finance do).
Aubrey McClendon, who built a fortune in shale gas by buying up fields across the United States, was killed on Wednesday when his car ran off a highway into a bridge in Oklahoma, the authorities said. His death, at 56, came a day after he was indicted on federal charges of conspiring to suppress prices paid for oil and natural gas leases.
Scene of the car crash:
Report from police:
Make of it what you will, but seems a silly suicide to commit when you have the kind of money he has to hire the lawyers to get him the sort of sentence Mike Milken got . . . though Milken was charged before the American population demanded increasingly vindictive prison terms (think mandatory minimums in the decades for what used to get a year or two, etc), the guy would have at least been free on bail for years before any sentence.