The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo52° Isolated Showers

Wednesday

Hi76° Mostly Sunny

Wednesday Night

Lo55° Mostly Clear

Thursday

Hi78° Sunny

Thursday Night

Lo54° Mostly Clear

Friday

Hi84° Sunny

Friday Night

Lo58° Clear

Saturday

Hi86° Sunny

Saturday Night

Lo59° Clear

Sunday

Hi87° Sunny

Stock swindler Knabb gets 21-year sentence

Send to Kindle
Print This
SAN FRANCISCO — Jasper C. “Jay” Knabb of East Wenatchee was sentenced Thursday to 21 years in federal prison for a $30 million securities swindle. Knabb, 45, of East Wenatchee pleaded guilty 10 months ago to securities fraud, conspiracy to commit securities fraud and maintaining false books and records as CEO of Pegasus Wireless. Knabb bilked investors in that publicly-traded tech firm by pumping up the stock price and secretly issuing shares to himself and a partner.

View my optionsorSign in