Fallen Former Quest Companies Ceo Jerry Cash Takes the Stand at Sentencing Hearing in Federal Court in Okla.

The Journal Record › October 28, 2010

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Summary

Fallen former Quest companies CEO Jerry Cash testified during a sentencing hearing in federal court Thursday that his lack of knowledge about how a publicly traded company was run led him to eventually secretly "borrow" up to $10 million from Quest for his personal use, on advice from former company Chief Financial Officer David E. Grose.

Grose then forced Cash to lobby Quest's board of directors to award him a higher salary and more stock in the company, even after allegations that Grose was making inappropriate sexual jokes and comments to female employees surfaced, Cash said.

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Fallen Former Quest Companies Ceo Jerry Cash Takes the Stand at Sentencing Hearing in Federal Court in Okla.

Cash was forced to keep Grose on as Quest's chief financial officer and endorse giving him and his favorite underlings more lucrative compensation packages because he didn't want the board of ...

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