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UN agency ramps up food assistance to flood-affected Pakistanis

SAN FRANCISCO—Stephen Durland, the former CFO of Pegasus Wireless Corporation, a wireless technology company based in Fremont, Calif., was sentenced yesterday to 33 months in prison for his role in a complex scheme to defraud in which approximately a half a billion shares of company stock were issued under false pretenses, United States Attorney Melinda Haag announced. Durland, 57, of Greensboro, N.C., pleaded guilty on March 18, 2011, to one count each of conspiracy to commit securities frau .... [More]

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