montblank AKA Valaas gets 21 years Federal Prison for massive fraud

montblank AKA Valaas gets 21 years Federal Prison for massive fraud

Fraud Hunter wrote:

LV, sister and LV/Knabb child were in Anchorage, AK recently. Perhaps LV has funds stashed with her former ski team associates in AK. I hear APU was a big benefactor of Knabb swindled money. The Knabb house in Anchorage sold recently in a foreclosure sale. The FBI should keep Anchorage on their Knabb radar.

Thanks Fraud Hunter!. What is “APU”? Also, do you know approximately when they were in Anchorage? Was it before Jay Knabb went to Jail on June 7 2012? According to the FBI report in the court documents, LV tried to convey the house in Anchorage to a trust, with her Skadi Nordic partner / investor as trustee, and the baby as the beneficiary! This was after Knabb agreed to give the house up to the SEC. Also, do you know anything about a big motor home they had? I heard it was worth hundreds of thousands of dollars.

Thanks Fraud Hunter!. What is “APU”? Also, do you know approximately when they were in Anchorage? Was it before Jay Knabb went to Jail on June 7 2012? According to the FBI report in the court documents, LV tried to convey the house in Anchorage to a trust, with her Skadi Nordic partner / investor as trustee, and the baby as the beneficiary! This was after Knabb agreed to give the house up to the SEC. Also, do you know anything about a big motor home they had? I heard it was worth hundreds of thousands of dollars.

APU = Alaska Pacific University (Nordic Skiing Center) LV’s former ski racing sponsor. LV, sister and kid were in Anchorage AFTER Knabb went to jail. Mid July. It was shortly after the foreclosure sale of their Sky Mountain Drive home. Perhaps she was here to personally pick up the 200K check from the Municipality of Anchorage (300+K sale price minus 100+ in taxes). With the check she could cash it or co sign and deposit it into her parent bank account (the FBI/SEC should monitor Mom and Pop’s bank transactions). I heard about the big motor home, a huge Dutch Star or something like that. Don’t know the current status of it. LV is just as devious as JK, IMO. I’d like to think that the FBI or SEC is on her. But they probably aren’t.

APU = Alaska Pacific University (Nordic Skiing Center) LV’s former ski racing sponsor. LV, sister and kid were in Anchorage AFTER Knabb went to jail. Mid July. It was shortly after the foreclosure sale of their Sky Mountain Drive home. Perhaps she was here to personally pick up the 200K check from the Municipality of Anchorage (300+K sale price minus 100+ in taxes). With the check she could cash it or co sign and deposit it into her parent bank account (the FBI/SEC should monitor Mom and Pop’s bank transactions). I heard about the big motor home, a huge Dutch Star or something like that. Don’t know the current status of it. LV is just as devious as JK, IMO. I’d like to think that the FBI or SEC is on her. But they probably aren’t.

Thanks, Fraud Hunter. Very interesting. Others heard that the huge motor home went to East Wenatchee WA and was seen at one of their 2 new houses there. Looking for where it went and if sold, where the money went. The judge says $11 million still unaccounted for! If you hear of any more info, please post. Thanks!

The theft of “his” (Jasper Knabb) items filed in a sheriff’s report in WA state indicated expensive EMT medical kits valued at close to $22,000 in addition to the gold pens. These kit’s are the types that one would find in jets and yachts expensive toys like Knabb purchased with ill gotten gains. These “stolen” items were reported and then turned into his wife’s insurance company just the next month, after he pleaded guilty in July of 2011 and ever since he maintains has no assets to repay victims of his scams. Either way, he is caught in another lie. The Fed’s need to look harder as Judge White instructed them to do so. Previously, Knabb was arrested for insurance fraud in Myrtle Beach.

“Federal investigators also questioned the indirect transfer of an Alaska based trust from Knabb’s ex wife, a fellow defendant in the SEC case, to [Laura} Valaas. The trust held Knabb’s former home in Anchorage, which was encumbered by $98,000 in liens and property taxes. In March, Valaas asked

the current trustee to step down and replaced him with her Skadi Nordic business partner, with a secondary trust named as beneficiary. Likely the feds feel they can show they jailed a fraudster, so case closed and on to bigger fish instead of chasing after a well hidden measly 11 million. Too bad, because LV needs to be held accountable for her part in this scam.

Hard to know if the FEDS are investigating LV. The judge who sentenced Knabb said that LV’s testimony was not believable, and might be perjury. There are victims around the country keeping an eye on things to see where the $11M is. One of the yachts was conveyed to a company owned by Knabb’s former wife Tammy. Then it sold to a 3rd party. The FEDS should see where those millions went too. Also, does anyone know what type of fancy motorhome Knabb bought, from where, and what happened to it? Folks saw it in their 1st E. Wenatchee home for a time. Then, there were many things sold using LV’s name, Pipefreeze, Reallyalaska, etc. The SEC has a judgment against Knabb and if they do their jobs, they will find assets for the victims, and punish those who helped to hide those assets.

PB I hope you are right about the SEC pursuing assets for wronged investors. But too often it seems that feds are out to justify their jobs, more than to do their jobs. High profile catches and incarcerations like with Knabb help them justify their jobs. Finding a hidden million here or there doesn’t have the sensationalism of a catch and 21 year sentence. I think the Knabb Valaas chapter is over as far as the feds are concerned and the SEC/FBI fraud unit is likely after the next big headline project that will justify their jobs. I hope that this is not the case . but me thinks it is.

LV is a honest and good person who I have been friends with for years. Like many young woman, I think she fell in love with a guy that ended up causing her a lot of headaches. Jay obviously got himself in a lot of trouble and wasn’t the best match, but he was nice to her.

I don’t think we need an FBI investigation about the foolishness of young love. I don’t know anything about her personal finances beyond what is reported online, but I do trust her because she has always been there for me and I know she is not out to get rich or cheat others.

Cammie, The real issue is the investors that Knabb bilked and the peoples’ lives that he ruined because of his fraudulent stock scams. The point of an FBI/SEC investigation is to recover as much money as possible from this crime, and return it to the victims. If LV is “honest and good” as you say,
montblank AKA Valaas gets 21 years Federal Prison for massive fraud
then she has nothing to worry about. But if she is helping Knabb hide money or assets this is a losing battle that will eventually ruin her life. If such is the case she should come clean now or she too will be in prison. If she is a good friend of yours you should impress this fact on her. “Love” may have set her up for a lifetime of problems, or prison time.

Cammie: I respect your loyalty to your friend, LV. I equally respect the fact that Jay Knabb caused untold life changing pain to thousands of his victims for 20 years preceding his Pegasus scam. I agree with Fraud Hunter; if all those mens watches and $40,000 mens Watch Winders were really LV’s and sold for LV, then victims are not due that money. If, however, those items and others were really Knabb’s then that would be a real problem and law enforcement might take notice. Also, I cannot imagine why LV would stick by Jay Knabb while he was posting on singles websites to date other women, while his wife was at home with their baby! Look at this posting Jay Knabb made in January 2012!

Cammie: While it is certainly possible that one might chalk up LV’s actions to the “foolishness of young love”, nevertheless, at some point she should have been more candid as it pertains to their finances. After all, to most observers, the lavish lifestyle and spending was financed literally on the backs of Knabb’s many victims who lost their life’s savings. When LV stated that all those men’s watches, guitars, custom pool cues, etc. sold on ebay and elsewhere were really her’s, that is not believable. Everyone who knows Knabb knows that he owned an expensive rare guitar collection, HO train collection, custom pool cues, and men’s watches. Not to mention expensive motorhome, cars, etc. When LV liquidated those items for Knabb, that literally was not her or Knabb’s money.

Even at the sentencing, the Judge said of LV’s testimony ” I DISREGARDED MOST OF HER TESTIMONY AND FIND TO BE INCREDIBLE BORDERING ON PERJURY” .

Also, the FBI reported that LV was actively involved in trying to convey Knabb’s Alaska mansion to a trust with their infant son as the sole beneficiary. These are not acts of a young innocent.

The judge asked the FBI and Federal Prosecutors to investigate “others” of potential conspiracy to obstruct justice by helping Knabb to hide assets. Nobody knows if the FBI is actively investigating Laura. However, if they are following the judge’s suggestion, then , in my opinion, it would be better that she aid them to follow the money trail.

In LV’s “plead for leniency” letter to the judge she stated that she knew of Knabb’s problems with the SEC BEFORE she married him. If she knew that Knabb cheated investors out of millions and she is an intelligent woman, which she certainly is, then she could easily make the deduction that Knabb’s opulent assets were the spoils of fraudulent transactions. But instead of showing integrity and walking away AFTER she marries Knabb she allows herself and her business, Skadi Nordic, to be showered with his ill gotten millions and she helps him liquidate assets via ebay when prison time looms. OK, let’s not beat around the bush here. LV is guilty of abetting a criminal that got 21 years. LV needs to do prison time too. Maybe 2 3 years. I hope the FBI/SEC gets off their duffs and brings LV to justice.

Skadi Nordic was claimed to be owned by Laura Valaas alone in public domain Federal Court documents: not Knabb. However, it seems to be completely silent online since Jasper Knabb went to jail on 6/7/12. I wonder if Knabb was the one who funded Skadi. Also, Knabb was hawking his toy trains online, and now Laura is doing Lulu’s trains. Transcripts from Knabb’s sentencing on June 7, 2012 will be made public on Oct. 18, 2012.

Also, does anyone have any information about Knabb’s police report of a theft at his first E. Wenatchee home last summer? Jay Knabb had been previously arrested in South Carolina for a similar (false) theft report. Supposedly, he had no money, yet the police report showed that he owned about $30,000 in Mont Blanc pens!

Potential Insurance Fraud? Jay Knabb? What do you think?

Of course Knabb was the money behind Skadi Nordic. Prior to Skadi Nordic’s existence LV was living in a tiny apt in west Anchorage and had a Paypal donation link on her personal web page to panhandle to support her ski racing habit. She had little money. And definitely no money to buy expensive fabrication machinery and fund a business start up. Like you said, the proof that Skadi Nordic was yet another outlet for Knabb spending money stolen from others is the fact that SN went silent when Knabb went to prison. Not even a “sorry we’re out of business” notice on the SN web site to former customers. I equally respect the fact that Jay Knabb caused untold life changing pain to thousands of his victims for 20 years preceding his Pegasus scam. I agree with Fraud Hunter; if all those mens watches and $40,000 mens Watch Winders were really LV’s and sold for LV, then victims are not due that money. If, however, those items and others were really Knabb’s then that would be a real problem and law enforcement might take notice. Also, I cannot imagine why LV would stick by Jay Knabb while he was posting on singles websites to date other women, while his wife was at home with their baby! Look at this posting Jay Knabb made in January 2012!
montblank AKA Valaas gets 21 years Federal Prison for massive fraud