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Criminal

Jun. 9, 2012

Former Pegasus CEO sentenced

The former CEO of Pegasus Wireless Corporation was sentenced to 21 years in prison Thursday for participating in a complex securities fraud scheme.

By Paul Jones
Daily Journal Staff Writer

The former CEO of Pegasus Wireless Corporation was sentenced to 21 years in prison Thursday by U.S. District Court Judge Jeffrey S. White for participating in a complex securities fraud scheme, according to a statement released by the office of the United States Department of Justice.

Knabb pled guilty in July of last year to conspiracy to commit securities fraud, securities fraud, and falsifying books and records. He admitt...

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