Former Quest Energy CEO gets 9 years in prison
Jerry Dale Cash is convicted of stealing company funds. Part of his sentence is to repay $5 million
November 13, 2010 4:17AM (UTC)
The former head of Oklahoma City energy company Quest Energy Partners LP has been sentenced to nine years in prison for stealing company funds.
U.S. District Judge Stephen Friot (FREE'-ott) on Friday also ordered 48-year-old Jerry Dale Cash to repay the company $5 million.
Cash pleaded guilty in February to failing to disclose the diversion of $10 million in company funds.
Prosecutors say Cash spent the money he stole on his mansion and to fuel a lavish lifestyle. Authorities say the former CEO has already returned $7 million to the company.
Cash's attorney, Patrick M. Ryan, didn't immediately return a phone call Friday seeking comment.
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