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Stock swindler Knabb gets 21-year sentence

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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.

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