Ex-Quest CFO Can't Shake 16-Year Sentence

Law360, New York (February 24, 2012, 5:31 PM EST) -- The Tenth Circuit on Thursday upheld a 16-year sentence for a former Quest Resource Corp. executive convicted of stealing $1 million from the oil and gas exploration company as part of an investment scheme involving kickbacks.

A three-judge panel said an Oklahoma federal jury was correctly instructed about the extent of former Chief Financial Officer David Grose's role in the scheme before handing down the sentence in November 2010. The sentence was based on losses of over $100 million to more than 250 victims.

Grose had...
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