We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Criminal Charges Fly Against Former Pegasus Execs

Law360 (January 11, 2011, 6:19 PM EST) -- Two former executives of defunct networking technology company Pegasus Wireless Corp. have been charged with defrauding investors by illegally selling shares they secretly controlled and lying about the transactions in regulatory filings.

Former CEO Jasper Knabb and former Chief Financial Officer Stephen Durland each face one count of conspiracy, one count of securities fraud and one count of falsifying books, records and accounts, according to a criminal information unveiled Monday in the U.S. District Court for the Northern District of California.

The first two counts carry...
To view the full article, register now.




Case Information

Case Title

USA v. Martinez-Betancourt et al

Case Number



Puerto Rico

Nature of Suit


Daniel R. Dominguez

Date Filed

January 11, 2011

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.