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Jacob Kobi Alexander

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BUSINESS
June 27, 2007 | From Times Wire Services
Lawyers for the fugitive founder and former chief executive of Comverse Technology Inc., who faces 35 criminal counts stemming from backdated options, said Tuesday that he relied on lawyers and accountants when dealing with the securities. The lawyers also compared the case of their client, Jacob "Kobi" Alexander, to that of Apple Inc. CEO Steve Jobs, who hasn't faced any charges for his role in Apple's options scandal.
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BUSINESS
November 23, 2010 | Bloomberg
Jacob "Kobi" Alexander, the former head of Comverse Technology Inc., agreed to pay $53.6 million to settle a Securities and Exchange Commission probe of allegations that he led an options-backdating scheme at the company. Alexander will disgorge $26.2 million and pay $21.4 million in interest, in addition to a $6 million fine, according to a letter today from defense lawyer Robert Morvillo to U.S. District Judge Nicholas Garaufis in Brooklyn, New York. Alexander and his wife will give up two U.S. bank accounts in a separate civil-forfeiture action, according to the letter.
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BUSINESS
November 23, 2010 | Bloomberg
Jacob "Kobi" Alexander, the former head of Comverse Technology Inc., agreed to pay $53.6 million to settle a Securities and Exchange Commission probe of allegations that he led an options-backdating scheme at the company. Alexander will disgorge $26.2 million and pay $21.4 million in interest, in addition to a $6 million fine, according to a letter today from defense lawyer Robert Morvillo to U.S. District Judge Nicholas Garaufis in Brooklyn, New York. Alexander and his wife will give up two U.S. bank accounts in a separate civil-forfeiture action, according to the letter.
BUSINESS
June 27, 2007 | From Times Wire Services
Lawyers for the fugitive founder and former chief executive of Comverse Technology Inc., who faces 35 criminal counts stemming from backdated options, said Tuesday that he relied on lawyers and accountants when dealing with the securities. The lawyers also compared the case of their client, Jacob "Kobi" Alexander, to that of Apple Inc. CEO Steve Jobs, who hasn't faced any charges for his role in Apple's options scandal.
BUSINESS
October 4, 2006 | From Bloomberg News
Jacob "Kobi" Alexander, the former Comverse Technology Inc. chief executive facing extradition to the U.S. for securities fraud, was freed Tuesday on $1.3-million bail by a Namibian judge. Alexander, 54, had been in jail in Windhoek, the Namibian capital, since his arrest there Sept. 27. The U.S. is trying to extradite him to face charges related to stock-option backdating. He was accused Aug.
BUSINESS
November 2, 2006 | From Bloomberg News
Comverse Technology Inc.'s former general counsel, William Sorin, will plead guilty today in the stock option backdating prosecution that has ensnared his onetime boss, fugitive Jacob "Kobi" Alexander. Sorin would be the second Comverse executive to admit guilt in the case and might become a witness against Alexander, now in Namibia fighting extradition.
BUSINESS
May 11, 2007 | From Bloomberg News
Comverse Technology Inc.'s former general counsel, William Sorin, was sentenced Thursday to a year and a day in prison for participating in an alleged stock-option backdating scheme with former Chief Executive Jacob "Kobi" Alexander. He is the first person to be sentenced in a nationwide government crackdown on option backdating, his lawyer said. Alexander is fighting extradition from Namibia, where he moved after he was charged. Sorin, 58, agreed in January to pay $3.
BUSINESS
August 16, 2006 | From Bloomberg News
U.S. authorities declared Tuesday that Jacob "Kobi" Alexander, the former Comverse Technology Inc. chief executive charged in a stock-option backdating case, is a fugitive and asked for the public's help in finding him. In a joint statement, the FBI and U.S. Marshal's Service said Alexander was being sought "for his role in a multimillion-dollar stock options scheme." It also said an Interpol notice for Alexander's arrest was issued July 31.
BUSINESS
September 11, 2007 | From Times Wire Services
Former Comverse Technology Inc. Chief Executive Jacob "Kobi" Alexander, a fugitive from criminal charges, lost a bid Monday to stop U.S. prosecutors from seizing about $50 million in two of his bank accounts. The government claims that a portion of the money constitutes profits from an illegal option-backdating scheme at New York-based Comverse, a maker of voice-mail software. U.S.
BUSINESS
January 11, 2007 | From the Associated Press
The former general counsel of Comverse Technology Inc., who has pleaded guilty to a scheme to pocket millions by backdating stock options, agreed Wednesday to pay about $3 million in fines and restitution to settle civil fraud charges filed by the Securities and Exchange Commission. The settlement also permanently bars William F. Sorin from serving as an officer or director of any public company or working as an attorney for one. As part of the accord, he neither admitted nor denied wrongdoing.
BUSINESS
November 2, 2006 | From Bloomberg News
Comverse Technology Inc.'s former general counsel, William Sorin, will plead guilty today in the stock option backdating prosecution that has ensnared his onetime boss, fugitive Jacob "Kobi" Alexander. Sorin would be the second Comverse executive to admit guilt in the case and might become a witness against Alexander, now in Namibia fighting extradition.
BUSINESS
October 4, 2006 | From Bloomberg News
Jacob "Kobi" Alexander, the former Comverse Technology Inc. chief executive facing extradition to the U.S. for securities fraud, was freed Tuesday on $1.3-million bail by a Namibian judge. Alexander, 54, had been in jail in Windhoek, the Namibian capital, since his arrest there Sept. 27. The U.S. is trying to extradite him to face charges related to stock-option backdating. He was accused Aug.
BUSINESS
October 25, 2006 | From the Associated Press
A former executive with leading voicemail-software maker Comverse Technology Inc. pleaded guilty to conspiracy and securities fraud Tuesday after agreeing to cooperate in the investigation of a scheme to make millions of dollars by manipulating stock options. Former head of finance David Kreinberg told a federal judge in Brooklyn that he conspired with former Chief Executive Jacob "Kobi" Alexander to backdate the options and falsify financial statements to conceal the fraud from shareholders.
BUSINESS
October 24, 2006 | From Reuters
The African nation of Namibia has received a U.S. extradition request for fugitive millionaire Jacob "Kobi" Alexander, the former head of Comverse Technology Inc. wanted by U.S. authorities on criminal charges of manipulating stock options. "We have received the extradition request from the United States," David Khama, deputy chief legal officer for Namibia's Ministry of Justice, said Monday. "The documents will now be submitted to the minister of justice, who will then consider them."
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