Phoenix businessman arrested in plot to kill wife - CBS 5 - KPHO

UPDATE

Phoenix businessman arrested in plot to kill wife

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Fred Knadler Fred Knadler
Fred Knadler appeared in court Wednesday. Fred Knadler appeared in court Wednesday.
PHOENIX (CBS5) -

Longtime Phoenix businessman Fred Knadler was arrested over the weekend on suspicion of conspiracy to commit murder. He is the owner of Arizona Shower Door, a multimillion dollar company he started in the early 1980s.

Phoenix police allege he was going to kill his wife and conspired in that murder plot with another person about disposing of her body and vehicle.

CBS 5 News first caught up with Knadler a couple of months ago, when the 74-year-old claimed that $250,000 worth of gold coins were stolen from his office. In November, Knadler claimed he had put the coins under his desk, but they were not locked up. He said when he came back from a summer vacation, they were missing.

Two months before that, in September, court records show Knadler's wife of 18 years, Libby Knadler, filed for divorce. Police characterize it as a contentious relationship.

According to court records and confirmed by Libby Knadler to CBS 5 News on Wednesday, Libby Knadler was negotiating a settlement worth approximately $2 million. Libby Knadler said the settlement was to be over 15 years and that she never wanted to "break" Fred Knadler's business.

She told CBS 5 News that she simply couldn't live with Fred Knadler anymore. "I was being treated like a slave," she said.

She said she was living with Fred Knadler to help take care of him and that he is legally blind.

Phoenix police say Fred Knadler tried to hire one of his main employees at Arizona Shower Door, offering him tens of thousands of dollars to help him get rid of his wife's body. The man recorded that conversation and handed it over to police.

Late Saturday night, Phoenix police served a search warrant at Fred Knadler's home and took him into custody.

Fred Knadler is being held on a $2 million cash-only bond.

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