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Thunder part owner Aubrey McClendon indicted for oil and gas conspiracy

Orlando Magic V Oklahoma City Thunder

OKLAHOMA CITY, OK -DECEMBER 25: Oklahoma City Thunder owner Clay Bennett, right, speaks to Chesapeake Energy CEO Aubrey McClendon during the NBA season opening game December 25, 2011 at the Chesapeake Energy Arena in Oklahoma City, Oklahoma. Oklahoma City defeated Orlando 97-89. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Brett Deering/Getty Images)

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Thunder part owner Aubrey McClendon has been in hot water for his business dealings for years.

Today, the indictment came down.

Joe Pramuk of CNBC:

Former Chesapeake Energy CEO Aubrey McClendon was indicted Tuesday on federal charges of conspiring to rig bids for oil and natural gas leases.

The indictment, filed Tuesday in Oklahoma, alleges that McClendon led a conspiracy between two companies not to bid against one another for purchases of some leases in Oklahoma. The leases give a company the right to draw oil and natural gas from the land for a certain period of time.

McClendon joined Clay Bennett in buying the Seattle SuperSonics in 2006 and eventually moving the team to Oklahoma City.