By Jay F. Marks, Business Writer
Michigan prosecutors Wednesday filed additional fraud charges against Chesapeake Energy Corp.
The Oklahoma City-based oil and natural gas producer is accused of failing to honor oil and natural gas leases it signed with 20 Michigan property owners in 2010.
Prosecutors contend Chesapeake and its agents used a scheme known as “cold drafting” to obtain lease options by false pretenses, preventing competitors from leasing land while not compensating the property owners.
Michigan Attorney General Bill Schuette charged Chesapeake earlier this month with one count of conducting criminal enterprises and eight counts of false pretenses.
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