Accounting & Tax

Comverse Backdating Fugitive Found

The former Comverse CEO who allegedly fled stock option backdating charges was reportedly tracked down in Sri Lanka by a private investigator.
Stephen TaubAugust 24, 2006

The fugitive former chief executive of Comverse Technology Inc., has been caught in Sri Lanka, according to published reports crediting Ma’ariv, the Israeli daily.

Jacob “Kobi” Alexander was hunted down by a private Israeli investigator after he made a one-minute phone call through Skype, an internet telephone service, according to the Jerusalem Post, citing its rival paper’s report.

Earlier this month, Federal prosecutors charged Alexander, and two other former top executives at Comverse, including former chief financial officer David Kreinberg, with fraud in connection with an investigation into alleged backdating of stock options.

Drive Business Strategy and Growth

Drive Business Strategy and Growth

Learn how NetSuite Financial Management allows you to quickly and easily model what-if scenarios and generate reports.

The FBI had arrested Kreinberg and the other executive — William Sorin, a former general counsel. However, Alexander had disappeared.

Alexander is reportedly a dual citizen of Israel and the US.

4 Powerful Communication Strategies for Your Next Board Meeting