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Wednesday, June 20, 2012

DeWine Investigating Chesapeake for Fraud

From the Columbus Dispatch:
Attorney General Mike DeWine is reviewing allegations of fraud by Chesapeake Energy that may have led to investment losses for Ohio pension funds.

He said this in a letter to Ohio Citizen Action, an environmental advocacy group that wrote to DeWine earlier this month raising concerns about various aspects of Chesapeake’s conduct.

“My office is reviewing the retirement system trading data in order to calculate possible losses attributable to the alleged fraud,” he said in the letter. “Please be assured that we will monitor the situation and take appropriate action if it appears that Ohio resources have been lost due to fraudulent activity.”

A Chesapeake spokesman had no immediate comment.
Read the whole article here.

And after the jump you can view the entire letter written by DeWine to Ohio Citizen Action (which is a staunchly anti-gas activist group).
OH Attorney General Mike DeWine Letter Discussing Chesapeake Energy Investigation

View more documents from Marcellus Drilling News

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