New York – The U.S. Federal Bureau of Investigation declared Jacob “Kobi” Alexander, former chief executive of Comverse Technology Inc., a fugitive and asked the public to help find him.
Alexander is wanted on criminal fraud charges related to an investigation into alleged stock option manipulation at software supplier Comverse in a widening government probe as was reported on VOS IZ NEIAS.
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Comverse’s former finance chief David Kreinberg and its general counsel William Sorin, charged with criminal fraud in the investigation, surrendered to FBI agents and both were released on $1 million bond.
The New York office of the FBI said in a statement that an Interpol Red Notice was issued for Alexander, who has dual American and Israeli citizenship. It said that agents were actively seeking his arrest.
Alexander is wanted on charges of conspiracy to commit securities fraud, mail fraud and wire fraud for his alleged role in the stock options scheme, the FBI said.
His lawyers could not be reached for comment.
The Justice Department has said Alexander and Kreinberg used fake names “to generate hundreds of thousands of backdated options, which they then parked in a secret slush fund designed to evade the requirements of Comverse’s stock option plans.”
Check under the mattre$$