The co-founder of Comverse Technology Inc. was handed the longest U.S. prison sentence for options backdating to boost executive compensation, in part for fleeing the country and spending a decade on the lam in Africa. Jacob “Kobi” Alexander, 64, was sentenced to 2 1/2 years in prison on Thursday.
Category: Comverse Technology
Ex-Comverse Boss Gets Longest Prison Term Yet for Backdating
The co-founder of Comverse Technology Inc. was handed the longest U.S. prison sentence for options backdating to boost executive compensation, in part for fleeing the country and spending a decade on the lam in Africa. Jacob “Kobi” Alexander, 64, was sentenced to 2 1/2 years in prison on Thursday.