Pegasus Wireless Corp. (fka PGSW)

[janice shell]

Here's something for you. Stephen Durland is being sued by the SEC. Again:

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26075

The Complaint:

https://www.sec.gov/files/litigation/complaints/2024/comp26075.pdf

[beachsideeddy2]

No posts in 2024 from the crying towel club? HAHAHAHAHAHAHA

[Dick221]

My good friend did you receive your dividend cheques yet ? You didn’t hand your ownership over too your broker I’d hope, he he. I’m rich beyond my wildest dreams, he he.

[beachsideeddy2]

No posts in 2023 from the crying towel club? HAHAHAHAHAHAHA

[beachsideeddy2]

No posts in 2022 from the crying towel club? HAHAHAHAHAHAHA

[beachsideeddy2]

No posts in 2021 from the crying towel club? HAHAHAHAHAHAHA

[eddy2]

What goes around comes around my friend. Tax’s will have to be paid at some time. You can’t hide on your island for ever.

[beachsideeddy2]

No posts in 2020 from the crying towel club? HAHAHAHAHAHAHA

[beachsideeddy2]

No posts in 2019 from the crying towel club? HAHAHAHAHAHAHA

[eddy2]

You got a brain don’t you? Numbers don’t lie. Don’t be a follower but a greater. All the piggy backed assets have been sold off. There living high off the hog from the proceeds. Anyone can do the same. It’s how wealth is exchanged. Be it a lesson to you.

[beachsideeddy2]

You are mentally ill.

[beachsideeddy2]

No posts in 2018 from the crying towel club? HAHAHAHAHAHAHA

[eddy2]

How technology exchange works. Garrett goes too Z Lynk and licenses the use of Z Lynk technology.

Z Lynk sells the technology based on the sales of the Garret equipment. They come to an agreement and Garret issues equity too Z Lynk. Under that agreement Z Lynk shares of Garret’s could and most likely be restricted from trade until Z Links debt is delt with. Z Lynk will most likely appoint an alias “ alian” to sit on Garrets board.

Z Lynk can put up its shares for collateral. If they do this they will recieve a portion of the 10% capital interest. This will be a none controlling amount of useually a 4% royalty from the capital cost.

Z lynk interest is an intrinsic one. It is purely based on the payment from Garret that in turns goes into the hands of the debt holders and back too Z Lynk in the way of equity.

In other words Z Lynk becomes partners of Garret’s allowing Garret to use the Z Lynk brand for an exchange of ownership.

Garret’s expertise is not wireless but it is for Z Lynk. Partner ships are formed all the time. Some maybe become disasters others not all that lucrative but does add a little into the big pot at the end of the day.

The biggest thing is it does allow a company to become diversified in its holdings. If Z lynks wireless technology becomes obsolete too Garret’s needs Z Lynk still holds an interest. They can sell or chose to hold the shares of Garret. They can sell Garret shares on the open market by piggy backing there interest. A little capital stock could be part of a much larger corporation. Could Garret short the new issue by being the underwriter to Z Lynk new issue. Well yes they can. They could even sweeten the pot if there so inclined.


Think out of the box. Think as if your the CEO. Follow the money.

[eddy2]

https://www.garrett.com/hobbysite/hbby_garrett_wireless_system.aspx

Do your DD

[eddy2]

The Garret is a wonderful piece of equipment named after the Garret turbine that was used in many different applications including both aircraft and as helicopter engines.

The engines will fly like a Pegasus.

[eddy2]

Take a trip too Montana and discover its beauty.

[eddy2]

The ugly truth of the matter it all came back too haunt them.

Cusip 70556K106 PSGQF

The pre cusip too 70558E207 Pegasus Wireless Corporation

The bond is tight between the two cusip numbers tied by the corporate name.

DD is your friend. Cusip number 70556K106 too 70558EE207 is tied too the Pegasus name by the first four digits of the Cusip number.

Do your own due diligence. Every thing is there for self discovery on the internet.

Deed of gift is the last recourse in recouping your loss.

[eddy2]

You win some and you loose some. Jack be Nimble Jack be quick Jack jump over that falling candle stick. Jack must sell just prior to the flame going out.

[beachsideeddy2]

No posts in 2017 from the crying towel club? HAHAHAHAHAHAHA

[beachsideeddy2]

No posts in 2016 from the crying towel club? HAHAHAHAHAHAHA

[beachsideeddy2]

No posts in 2015 from the crying towel club? HAHAHAHAHAHAHA

[beachsideeddy2]

No posts in 2014 from the crying towel club? HAHAHAHAHAHAHA

[PhillyPA65]

Jasper Knabb and Stephen Durland Incarceration Update

JASPER KNABB is currently incarcerated at FCI Terminal Island (California) and is scheduled for release on October 18, 2030. The inmate is not eligible for parole. Please be assured that, unless otherwise requested, we will keep you informed of all significant release-related activities pertaining to this inmate during the period of incarceration.

Knabb is trying appeal his prison setenence.
_____________________________

STEPHEN DURLAND is currently incarcerated at FCI Estill (South Carolina) and is scheduled for release on June 7, 2014. The inmate is not eligible for parole. Please be assured that, unless otherwise requested, we will keep you informed of all significant release-related activities pertaining to this inmate during the period of incarceration.

This notice is to inform you that STEPHEN DURLAND has been approved for placement in a Community Corrections Center (CCC), otherwise known as a halfway house, and will transfer from this institution on January 15, 2014. After the transfer, the inmate will be located at Cornell Corrections, Inc. in San Francisco, California.

In addition to the information provided regarding this offender's CCC transfer, the following information is relevant to the inmate's eventual release. The inmate is scheduled to release on June 7, 2014. The inmate is not eligible for parole.

Upon release, the inmate will reside in San Francisco, California, and will be supervised by the United States Probation Office at USPO - Northern District of California - San Francisco, Northern District of California - San Francisco, Phillip Burton United States, Courthouse, Suite 17-6884, 450 Golden Gate Avenue, San Francisco, California 94102-3434.

[beachsideeddy2]

Anyone know how many suckers I warned have moved into halfway houses for the indigent? LOLOLOLOLOL

[PhillyPA65]

Stephen Durland Will Move to a Halfway House in San Francisco

US Department of Justice Victim Notification System

U.S. Department of Justice
Federal Bureau of Prisons
FCI Estill
P.O. Box 699
100 Prison Road
Estill, SC 29918
Phone: [phone]
Fax: [phone]

October 02, 2013

RE: STEPHEN DURLAND
Register Number: 15637-111
Docket Number: 11-CR-00009

This notice is to inform you that STEPHEN DURLAND has been approved for placement in a Community Corrections Center (CCC), otherwise known as a halfway house, and will transfer from this institution on January 15, 2014. After the transfer, the inmate will be located at Cornell Corrections, Inc. in San Francisco, California.

In addition to the information provided regarding this offender's CCC transfer, the following information is relevant to the inmate's eventual release. The inmate is scheduled to release on June 7, 2014. The inmate is not eligible for parole.

Upon release, the inmate will reside in SAN FRANCISCO, California, and will be supervised by the United States Probation Office at USPO - Northern District of California - San Francisco, Phillip Burton United States, Courthouse, Suite 17-6884, 450 Golden Gate Avenue, San Francisco, California 94102-3434. Additionally, Client will be homeless.

[PhillyPA65]

Brief for the United States as Appellee

September 3, 2013

Conclusion:

"For the reasons set forth above, this Court should affirm the judgment of the district court."


Download document here:

http://www.4shared.com/office/wIxbs9EA/20130903_Brief_for_the_United_.html


If he behaves in prison, he will be eligible for parole in 2030 with 5 years of probation before the federal government stop monitoring him.


Jasper Knabb Relocates to Terminal Island, California

Federal Bureau of Prisons Inmate Locator:

http://www.bop.gov/iloc2/LocateInmate.jsp

Name: JASPER KNABB
Register # 16044-111
Age-Race-Sex: 46-White-M
Release Date: 10-18-2030 (Parole Eligible)
Location: TERMINAL ISLAND FCI


FCI Terminal Island

The Federal Correctional Institution (FCI) in Terminal Island, California, is a low security facility housing male inmates.

FCI Terminal Island is located at the entrance to the Los Angeles Harbor, between San Pedro and Long Beach off Harbor Freeway (110 South) at the Terminal Island exit.

Judicial District: Central California

More Info: http://www.bop.gov/locations/institutions/trm/index.jsp

[PhillyPA65]

Jasper Knabb Relocates to Terminal Island, California

Federal Bureau of Prisons Inmate Locator:

http://www.bop.gov/iloc2/LocateInmate.jsp


Name: JASPER KNABB
Register # 16044-111
Age-Race-Sex: 46-White-M
Release Date: 10-18-2030 (Parole Eligible)
Location: TERMINAL ISLAND FCI


FCI Terminal Island

The Federal Correctional Institution (FCI) in Terminal Island, California, is a low security facility housing male inmates.

FCI Terminal Island is located at the entrance to the Los Angeles Harbor, between San Pedro and Long Beach off Harbor Freeway (110 South) at the Terminal Island exit.

Judicial District: Central California

More Info: http://www.bop.gov/locations/institutions/trm/index.jsp

[PhillyPA65]

Jasper Knabb Files for Appeal of Criminal Securities Fraud Judgment

Jasper Tries the Homer Simpson Defense

"I didn't do anything wrong. I was just selling shares."

http://www.4shared.com/folder/MUiEKCgi/02_USA_v_Jasper_Knabb_Stephen_.html

Evidence Database: http://PegasusEvidence.4shared.com

[PhillyPA65]

Jasper Knabb Prison Tracker


Inmate Locator: http://www.bop.gov/iloc2/LocateInmate.jsp

Name: JASPER KNABB

Register No: 16044-111
Age-Race-Sex: 46-White-M
Release Date (Projected): 10-18-2030

Location: SHERIDAN FCI

[PhillyPA65]

June 5, 2013 - Motion by Jasper Knabb for Court to Take Judicial Notice - He's Moving

http://www.4shared.com/office/GhR6Yz4L/20130605_Motion_by_Jasper_Knab.html

******

June 7, 2013 - Appellant Jasper Knabb's Brief to U.S. Court of Appeals (Updated)

http://www.4shared.com/office/2UmlOLBJ/20130607_Appellant_Jasper_Knab.html

******

June 7, 2013 - Motion by Jasper Knabb for Leave and Filing Extension

http://www.4shared.com/office/qV45kn4B/20130607_Motion_by_Jasper_Knab.html

******

June 10, 2013 - Court Order - Motion Granted for Extension to File

http://www.4shared.com/office/vdT1pkhT/20130610_Court_Order_-_Motion_.html


******

June 13, 2013 - Motion by Jasper Knabb for Time Extension to File Late Brief

http://www.4shared.com/office/IINL3idx/20130613_Motion_by_Jasper_Knab.html

[PhillyPA65]

Jasper Knabb's Sentencing Appeal - Signs of Desperation

June 5, 2013 - Motion by Jasper Knabb for Court to Take Judicial Notice - He's Moving

http://www.4shared.com/office/GhR6Yz4L/20130605_Motion_by_Jasper_Knab.html

******

June 7, 2013 - Jasper Knabb's Brief Opposing Court Appointed Counsel's Brief

http://www.4shared.com/office/gYrIDxIa/20130607_Jasper_Knabbs_Brief_O.html

******

June 7, 2013 - Motion by Jasper Knabb for Leave and Filing Extension

http://www.4shared.com/office/qV45kn4B/20130607_Motion_by_Jasper_Knab.html

******

June 10, 2013 - Court Order - Motion Granted for Extension to File

http://www.4shared.com/office/vdT1pkhT/20130610_Court_Order_-_Motion_.html


******

June 13, 2013 - Motion by Jasper Knabb for Time Extension to File Late Brief

http://www.4shared.com/office/IINL3idx/20130613_Motion_by_Jasper_Knab.html

[PhillyPA65]

HAPPY ANNIVERSARY JASPER KNABB - 1 YEAR AGO

San Francisco Chronicle

Ex-Pegasus CEO gets 21-year sentence for fraud

Bob Egelko, Staff writer, [e-mail]

Thursday, June 7, 2012

The former chief executive of Pegasus Wireless Corp. was sentenced Thursday to 21 years in federal prison - nearly three times as long as the term sought by prosecutors - for a multimillion-dollar stock fraud that led to the bankruptcy of the Fremont technology company.

U.S. District Judge Jeffrey White of San Francisco told Jasper Knabb he had caused "unspeakable ... misery" to investors who had lost their life savings. White said Knabb had concealed his funds and might commit new frauds "if given the opportunity." He ordered Knabb jailed immediately after the hearing.

The Securities and Exchange Commission has ordered Knabb to repay $40.8 million that he allegedly reaped from stock sales. Prosecutors acknowledged in a court filing that Knabb would be unable to make that payment.

Knabb, 46, pleaded guilty in July to securities fraud and conspiracy. Pegasus' former chief financial officer, Stephen Durland, pleaded guilty to similar charges in March 2011 and was sentenced by White in October to two years and nine months in prison. Prosecutors said Durland made $2.1 million from fraudulent stock sales.

Starting in 2005, when Pegasus was founded, prosecutors said, Knabb and Durland issued nearly half a billion shares to friends and associates to pay off a fictitious company debt, then pocketed the proceeds when the shares were sold for inflated prices.

When the scheme came to light, the stock price fell from more than $18 per share to less than $1 in four months. Pegasus filed for bankruptcy in 2008 and has relocated to Florida.

Prosecutors sought a sentence of seven years and three months, the maximum recommended by federal guidelines, saying they were bound by their plea agreement with Knabb, and credited him for admitting his guilt. Defense lawyers asked for three years and four months, saying Knabb had fully accepted responsibility and was not concealing his assets.

But White said the court's probation office had found that Knabb had hidden assets and could not be trusted. "His instinct has always been to lie and cheat," the judge said.

Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/06/07/BUSG1OUITK.DTL

Inmate Locator: http://www.bop.gov/iloc2/LocateInmate.jsp

Name: JASPER KNABB
Register No: 16044-111
Age-Race-Sex: 46-White-M
Release Date (Projected): 10-18-2030
Location: SHERIDAN FCI

[janice shell]

Judicial misconduct? Wow. Knabb really has brass balls.

[righteous1]

Jasper Knabb a Comedian Insinuates Judicial Misconduct.......... & Ineffective Counsel....Bla..Bla..Bla

The full appeal document will be posted soon by PHILLY.

Everybody has it all wrong - he is the victim (say's Jay). To be expected he has to fill his days/months/years with something to do. (Spelling errors are Jay's not mine.) Some excerpts as follows:

The appellant, herein, “Moves” this Honorable Appellate Court to vacate his
Sentence, judgment and plea agreement based on an inadequate Rule11 plea cooloquy, a claim of “actual innocence” and a resultant manifest “fundamental miscarriage of Justice”………………………….

where: (1)the Court attempted to instill a sense of guilt
into the mind of the defendant by asserting non-criminal activity to be criminal in nature:(2)the Government may have committed what amounts to prosecutorial misconduct and/or fraud upon the court by withholding exculpatory evidence from the Court…………………………

For the district court to assert, that merely the selling and/or buying of Stock to, from or through family members is a crime, and uses its erroneous interpretation to instill a sense of guilt in the mind of the defendant and use that as a verified “factual basis” for accepting and validating the defendant’s Plea agreement, constitutes a “manifest fundamental miscarriage of Justice” that raises grave and serious questions of constitutionan doubt regarding those statutes………………..

Although defense counsel Christopher Bruno, did in fact, render ineffective Assistance of counsel guaranteed under the Sixth Amendment during the “critical” Plea negotiations and hearing stages of the proceeding by a “gross mischaracterization of [the defendant’s] possible sentence (40 months suggested in the plea agreement verse the 253 months received); and after firing Bruno, defense counsels Kirk Elliott and Mark Goldrosen, rendered ineffective assistance of counsel for refusing To file a FRcrP., Rule 11 (d) (2) (B) motion to withdraw the defendant’ plea……………………………….


On April 8, 2013, Defendant Jasper Knabb filed a motion in which he asks the Court, as a matter of equity, to relieve him from his obligation to pay the $40,847,800.79 as set forth in The Amended Judgment issued on March9, 2012. The Court also made the obligation to pay this sum a part of the criminal judgment in United States v.JasperKnabb,II-CR-O9-JSW,and Mr. Knabb has appealed that judgment. Because the obligation to pay the judgment in this case is part of the judgment in the criminal case, in light of the pending appeal, the Court DENIES Mr. Knabb's motion. IT IS SO ORDERED.
Editorial note: This order was signed by Federal Judge Jeffrey White on April 12, 2013

[beachsideeddy2]

Too bad the judge can't toss Philly in jail. He was one of the biggest pumpers of the scam, until of course it all came back to bite him. LOL

[janice shell]

Yes, the judge did absolutely the right thing. The prosecutor should be ashamed of himself.

[PhillyPA65]

I think they are two-of-a-kind.

She is lucky that Judge White didn't go after her primarily because she had a new born.

Jasper won't be eligible for parole for 17 years if he behaves during his 20 year sentence.

The ski accessory business that Jasper helped her start up is all but shut down. http://skadinordic.com

I don't know how she can afford to maintain mortgage payments, car payments and raise a kid without assistance. Maybe there is a cash buried in the backyard.

The good guys won this time. We would not take no for an answer from the SEC and DOJ. DOJ wanted a quick-and-easy plea deal agreement but the probation office and Judge White took the time to learn exactly what occured.

CFO Steve Durland was asking for 1 year and he was sentenced to 3 years.

CEO Jasper Knabb was asking for 5 years and he was sentenced to 20 years.



http://PegasusEvidence.4shared.com

[janice shell]

Kind of cold of Laura, don't you think?

[PhillyPA65]

Jasper Knabb's wife, Laura Valaas, has filed for divorce and appears to be keeping the two houses that were acquired in East Wenatchee, WA.

She sold all of Knabb's clothes and other loose ends like expensive guitars on eBay.

http://wheresthemoney.4shared.com

We don't know what happened to the proceeds of the sheriff's sale of Jasper and Tammy Knabb's house in Anchorage, Alaska.
I guess the SEC is keeping it.

Send a letter to Judge White and the SEC San Francisco division for more info.

http://www.PegasusEvidence.4shared.com