Okla. Sues Ex-Quest CFO Over $10M Fraud Scheme

Law360, New York (March 9, 2009, 12:00 AM EDT) -- Broadening its attack on former officers at Quest Resource Corp., the Oklahoma Department of Securities has filed suit against the natural gas and oil producer’s former chief financial officer for his role in an alleged $10 million fraud scheme.

In a regulatory filing Monday, Quest disclosed that the state securities watchdog accused David E. Grose of helping the former CEO of Quest Energy GP LLC Jerry Cash transfer $10 million from Quest to an entity in his control.

In addition to helping Cash allegedly loot Quest...
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