The Traderszone Network

Published in TZ Latest News 9 September, 2014 by The TZ Newswire Staff

Chesapeake Energy to face racketeering charges in Michigan trial

Cheboygan District Court Judge Maria Barton ruled on Monday that Oklahoma-based Chesapeake go to trial on one charge of racketeering and 20 counts of using false pretenses to allegedly defraud private landowners in the state during an oil and gas leasing boom in 2010. State Attorney General Bill Schuette brought the charges against Chesapeake in June, alleging the company directed its leasing agents to lock up land positions in the state by offering signing bonuses to private landowners.