Do yourself a favor, download & read the transcript (121 pages), some memorable statements here......................
The sentencing transcript doesn’t leave too much to one’s imagination as to duplicity in the “hiding the ball” (investors monies) from disgorgement by the S.E.C.
Interesting exchange between the Judge White & Laura Valaas as to the child, later on Knabb’s attorney had to walk Laura through an explanation.
THE COURT: WHO HAS LEGAL CUSTODY?
16 THE WITNESS: I DO.
17 THE COURT: MR. KNABB DOESN'T HAVE LEGAL CUSTODY?
18 THE WITNESS: YOU KNOW, HE'S NEVER DONE ANYTHING, I
19 HAVE NO IDEA.
20 THE COURT: YOU DON'T KNOW IF MR. KNABB HAS LEGAL
21 CUSTODY?
22 THE WITNESS: I'VE DONE EVERYTHING FOR MY SON, I
23 DON'T -- JAY HAS NEVER BEEN INVOLVED, DOES HE HAVE CUSTODY BY
24 DEFAULT?
25 THE COURT: JUST ASKING WHAT YOU KNOW. YOU'RE THE ONE
1 ON THE STAND, I'M ASKING YOU IF YOU KNOW.
2 THE WITNESS: I DON'T KNOW.
More tid-bits – Judge White speaking here:
AND IN THE CONTEXT OF -- AT THE TIME THIS
3 INVESTIGATION WAS GOING ON IN FULL SWING THE DEFENDANT HAD
4 ESSENTIALLY BEEN CAUGHT ENTERING INTO THIS PRENUPTIAL AGREEMENT
5 WHICH I THINK ARGUABLY IS A FRAUD ON CREDITORS AND ON THE
6 VICTIMS IN THIS CASE.
7 AND THIS WAS ALL A CONSPIRACY, IF YOU WILL, BETWEEN
8 THE DEFENDANT AND HIS WIFE WHOSE TESTIMONY I FOUND TO BE WHOLLY
9 INCREDIBLE. AND NOT JUST STARTING WITH HER NOT EVEN KNOWING
10 WHETHER SHE HAD CUSTODY OF HER CHILD, SO I DISREGARDED MOST OF
11 HER TESTIMONY AND FIND TO BE INCREDIBLE BORDERING ON PERJURY.
