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Report: #1528937

Complaint Review: Chesapeak Energy. Chesapeak oil and gas - Tulsa Oklahoma

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  • Reported By: Leon Tim Peay — Pleasant Grove Utah United States
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  • Chesapeak Energy. Chesapeak oil and gas Tulsa, Oklahoma United States

Chesapeak Energy. Chesapeak oil and gas Chesapeak oil and gas lied about their stocks being a solid investment. Filed bankruptcy on my life savings that i invested. while company has plenty of assets to cover their stock holders Tulsa Oklahoma

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I began investing in stock at Chesapeak Energy a long time before they declared bankruptcy. Their CEO's had assured that the stock was good and even them selves prrchased $500,000 in the company stocks assuring that the company was strong and a good investment even if the stock goes down it will eventually come back.  Then the company does several reverse splits on their stocks while still assuring the stock was good to long time investors...So like a devoted share holder I purchased more and more stock when the stocks where very low. investing my lives saving because I knew that Chesapeak may not have te money in the bank but they surely had it in the ground in all the leases that they owned. Then suddenly the company files for bankruptcy and all of my life savings was gone. The just a few weeks later after their bankruptcy the company comes out selling new stocks at over $60 a share. after they took all my money and left me with 0$.  

This is the typical big company ripping off the investors of the company. Investors that didn't withdraw their money from the stocks because the company assured that their stocks where good Even to the pointe of the CEO saying that he had purchased $500k to prove that the stocks where a good investment

Ill bet that the CEO didn't lose his investment in stock. And the whole show to get people to invest was all a scam and they knew that they would end up with all the money from the investors that was foolish enuff to believe the lies they told and was an easy way to claim millions of dollars from their investors and leave the investors with nothing in the end. And that's exactly what Chesapeak Energy did to me. They told my life savings and claimed they was bankrupt. While the whole time they was sitting on billions of dollars in untapped resources that they owned. If I could do it all again Id never invest a penny in this company, They are liars and will rip you off just like they have me. Dont be fooled by the stock being a good buy. Nothing about this company is good.  a person would be better off to goto Vegas and throw their money down on a craps table than to trust this company with one nickel of their money. Im not the only one who got ripped off. Everyone that lost their money that they invested in Chesapeak should file a scam rippoff report so everyone who is thinking about investing in these crooks will have a fair warning and wont let this big corporation take away their investments. As for all you investment jerks that are part of the Chesapeak rippoff stocks.   I hope that one day you get the same treatment and all the money that you saved for retirement all your life gets stolen from you and you loose your houses and all your assets because of some greedy uncaring POS I swear that this testimony is as true as can be. Do Not Invest Anything In This Company or you will loose it all to the rippoff practices of Chesapeak.     Tim Peay   801-885-2070 maybe someone from chesapeak energy has enuff balls to call me and tell me why they ripped me off? I highly doubt it. Cowards and dishonest and scandoulous company and company CEO's.Tim Peay   801-885-2070

This report was posted on Ripoff Report on 09/26/2023 01:20 PM and is a permanent record located here: https://www.ripoffreport.com/report/chesapeak-energy-oil-gas/tulsa-oklahoma-lied-about-i-1528937. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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