Securities Suit Brought Against Former Quest CEO

Law360, New York (September 2, 2008, 12:00 AM EDT) -- The Oklahoma Department of Securities has reportedly accused the former CEO of Quest Resource Corp. of transferring about $10 million away from the energy company for personal use.

In a lawsuit filed Friday, the state agency alleged that Jerry Cash transferred money from Quest into an account held by Rockport Energy LLC, according to an article in the Oklahoman.

Cash then allegedly used the money for personal expenses and for other business activities not authorized by the company's board.

As part of its filing, the Oklahoma...
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