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...
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.
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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.
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- EXECS BLAME AUDITOR IN COMVERSE BACKDATING SUIT - LAW
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