Fugitive Kobi Alexander Agrees to $53 Million Settlement of Options Backdating Charges

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Tuesday, February 1, 2011

Author:

Bruce Zagaris

Volume:

27

Issue:

2

Abstract:

On November 23, 2010, the Securities and Exchange Commission (SEC) announced that fugitive Jacob “Kobi” Alexander, co-founder of Comverse Technology, Inc., has agreed to a $53.6 million settlement of SEC charges against him in an options backdating scheme. He has agreed in the settlement to being barred permanently from serving as an officer or director of a public company...(more)...