The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo67° Clear

Tuesday

Hi94° Sunny

Tuesday Night

Lo67° Clear

Wednesday

Hi94° Sunny

Wednesday Night

Lo67° Clear

Thursday

Hi92° Sunny

Thursday Night

Lo64° Clear

Friday

Hi89° Sunny

Friday Night

Lo64° Partly Cloudy

Saturday

Hi84° Mostly 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 options or Sign in