Chesapeake Energy earnings

Chesapeake Energy Corporation Charged with Fraud, Racketeering

Michigan Attorney General Bill Schuette is charging Chesapeake Energy Corporation (NYSE:CHK) with felony counts of fraud and racketeering for allegedly canceling hundreds of leases under false pretenses during the state’s brief 2010 oil and gas boom, reports Brian Grow and Joshua Schneyer for Reuters (h/t ZeroHedge).

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