for the purchase of leases in northwestern Oklahoma. The conspiracy he is suspected of was orchestrating a scheme between two large energy companies, which are not named in the indictment, that was conducted from December 2007 through March 2012. According to the indictment, the companies would decide ahead of time who would win bids, with the winner then allocating an interest in the leases to the other company, eliminating open competitive bidding with landowners. One of the unnamed companies in the indictment turned out to be SandRidge Energy, Inc. according to Bloomberg News. The United States Justice Department said this was the first case resulting from a continuing federal antitrust investigation into price fixing, bid rigging and other anticompetitive conduct in the oil and natural gas industry. In 2015, Chesapeake Energy settled charges of antitrust, fraud, and racketeering violations out of court, by agreeing to pay $25 million as compensation to landowners with leases. After his indictment McClendon released a statement denying all charges, arguing that for 35 years he has worked to create jobs and help Oklahoma's economy while providing plentiful energy for the entire country. "The charge that has been filed against me today is wrong and unprecedented, I have been singled out as the only person in the oil and gas industry in over 110 years since the Sherman Act became law to have been accused of this crime in relation to joint bidding on leasehold." William Baer, then Assistant Attorney General of the United States Justice Department Antitrust Division in the Obama administration, said "His actions put company profits ahead of the interests of leaseholders entitled to competitive bids for oil and gas rights on their land. Executives who abuse their positions as leaders of major corporations to organize criminal activity must be held accountable for their actions." McClendon maintained his innocence, but died the next day, March 2, 2016, in a single-occupant single-vehicle crash when he drove his SUV at 88 mph into a concrete bridge embankment. Business ventures and investments McClendon held a stake in various food service companies and restaurants, including Jamba Juice. He also held stakes in several Oklahoma City restaurants, including Irma's Burger Shack, Deep Fork Grill, The Coach House, Republic Gastro Pub, Metro Wine Bistro & Bar, Provision Kitchen and Pops. McClendon opened Pops, a burgers and soda restaurant on the historic Route 66 highway in Arcadia, Oklahoma, in 2007.