Quest Energy Management, Paul Downey , Jeffry Downey—Sale of Permian Advanced Oil Recovery Investment Fund

investors rights attorneysPrincipals of  Quest Energy Management Group,  The Father-Son Duo of Paul Downey of Naples, FL, and Jeffry Downey of Abilene, TX, Allegedly orchestrated a fraudulent offering of preferred stock and limited partnership interests Permian Advance Oil Recovery Investment Fund I, LP.

Have you invested in Permian Advance Oil Recovery Investment Fund I, LP? If the answer is yes, then you should know that the Peiffer Rosca Wolf securities lawyers are investigating principals of Quest Energy Management Group, including the father-son duo of charged Paul Downey and Jeffry Downey, for allegedly fraudulently offering preferred stock and limited partnership interests in Permian Advance Oil Recovery Investment Fund I, LP.

Paul Downey of Naples, FL, and Jeffry Downey of Abilene, TX, for allegedly orchestrated a scheme wherein they Quest Energy Management Group, of Albany Texas, to offer stock and partnership units in Permian Advance Oil Recovery Investment Fund I, LP, an SEC Complaint reports.

The Downy duo allegedly told investors that Permian Advanced would acquire working interests in mineral leases from Quest and receive a revenue stream from those leases, according to an SEC Complaint currently under review by attorneys Alan Rosca and Joe Peiffer.

John Leonard, an Unregistered Broker, Allegedly Helped Raise Nearly $5 Million from 17 Investors in Permian Advanced

John Leonard, of Naples, FL, and Chicago, also allegedly acted as an unregistered broker by luring investors to Permian Advanced by purportedly claiming that they would acquire working interests in mineral leases from Quest and receive revenue from those leases, according to said SEC Complaint presently being reviewed by attorneys Joe Peiffer and Alan Rosca.

Using Leonard’s sales assistance, Quest raised nearly $5 million from 17 investors, the SEC Complaint notes. The SEC Complaint alleges that the offering was fraudulent.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged fraudulent offerings, and are currently investigating Quest Energy Management Group’s offerings of Advance Oil Recovery Investment Fund I, LP. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Quest Energy Management Group’s offerings of Advance Oil Recovery Investment Fund I, LP may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1144 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.