June 07, 2012
A California federal judge on Thursday sentenced the former CEO of Pegasus Wireless Corp. to 21 years in prison, well beyond the 6½ years prosecutors requested, for his role in a $35 million stock-selling scheme that bilked investors and hastened the company's demise.
March 02, 2012
Federal prosecutors on Thursday implored a California federal judge to sentence the former CEO of Pegasus Wireless Corp. to 6 1/2 years in prison for a stock-selling fraud that bilked investors and aided the networking technology company's demise.