The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi83° Mostly Sunny

Tonight

Lo56° Slight Chance Showers

Wednesday

Hi76° Chance Showers

Wednesday Night

Lo55° Showers Likely

Thursday

Hi70° Chance Showers

Thursday Night

Lo52° Slight Chance Showers then Mostly Cloudy

Friday

Hi80° Mostly Sunny

Friday Night

Lo56° Partly Cloudy

Saturday

Hi83° Sunny

Saturday Night

Lo57° Mostly Clear

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