The former CEO and former CFO of Quest Resource Corp. last week were sued by the Securities and Exchange Commission (SEC) for allegedly siphoning millions of dollars from the Oklahoma City-based producer. Separately a federal grand jury in Oklahoma City issued a criminal indictment against the CFO.
Siphoning
Articles from Siphoning
Former Quest Resource CEO, CFO Sued by SEC for Embezzlement
The former CEO and former CFO of Quest Resource Corp. have been sued by the Securities and Exchange Commission (SEC) for allegedly siphoning millions of dollars from the Oklahoma City-based producer.
June 18, 2009
CreditSights Warns of El Paso Pipelines’ Loans to Parent
A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.
January 27, 2003
CreditSights Warns of El Paso Pipelines’ Loans to Parent
A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.
January 21, 2003
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
