February 24, 2017

Harrison Schumacher, Quantum Energy LLC, Quaneco LLC

Offering Fraud

SANCTION AMOUNT: Approximately $13.5 million

Defendants: Quantum Energy LLC, Quaneco LLC
Harrison Schumacher

Defendants defrauded more than 300 investors nationwide in purported investments in oil-and-gas projects, raising more than $12 million in six unregistered offerings. Contrary to representations, funds that were supposed to be used for exploration and development of oil-and-gas resources were diverted to cover corporate business overhead, Schumacher's compensation, and for personal expenses.

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