Comverse technology stock option back dating cases - Ex-Comverse CEO returning to U.S. to plead guilty in stock fraud

He also will be barred permanently from serving as an officer or director of a public company. The proposed settlement marks one of the largest disgorgement...

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Prosecutors in Brooklyn, Young York, said Wednesday Alexander, 54, David Kreinberg, 41, a Comverse ex-finance chief, and William Sorin, 56, a prehistoric general counsel, backdated "millions of offer options" so employees could buy shares at low prices. The former CEO hasn't surrendered to authorities and is being sought.

More than 90 companies, including Apple Computer Inc. Frenkel, a former U. Securities and Exchange Commission lawyer now in private practice in Rockville, Md.

Alexander, who has dual U. It commanded the transfer an effort to "launder the proceeds of the fraud. The Justice Department declined to comment on Alexander's whereabouts, proverb a warrant was issued for his arrest. The past officials of Unexplored York-based Comverse, the world's largest maker of voice-mail software, were charged with conspiracy to assure securities fraud, letters fraud and wire fraud from to The collusion charges are punishable by as lots as five years in prison.

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  • The stock option backdating scandal hadn't been reading like great fodder for Hollywood.
  • Juicy Details in Option Scandal - latimes
  • Ex-Comverse CEO returning to U.S. to plead guilty in stock fraud | Reuters
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It called the transfer an effort to "launder the proceeds of the fraud. Companies used them as a tool to recruit and retain workers. The case is In re: Password at least 6 characters required. The Justice Department declined to comment on Alexander's whereabouts, saying a warrant was issued for his arrest.

Who wouldn't want such a deal? Copyright Los Angeles Times.

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8 thoughts on “Comverse technology stock option back dating cases

  1. How is this legal? Torture on american citizens by other american citizens? This is terrorism.В

  2. Govt doesn't even want to legalize weed, yet alcohol (which is 1000 times worse is for some stupid reason legal.

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