Comverse Technology, Inc. (Pink Sheets: CMVT) is an American Technology company located in Woodbury, Nassau County, New York, which develops and markets telecommunications software. Founded in 1982, the company focuses on providing value added services to telecommunication service providers, in particular to mobile network operators.
In 2006, Comverse was involved in an options backdating scandal. Ex-CEO Jacob Alexander, was classified a wanted f...
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Comverse Technology, Inc. (Pink Sheets: CMVT) is an American Technology company located in Woodbury, Nassau County, New York, which develops and markets telecommunications software. Founded in 1982, the company focuses on providing value added services to telecommunication service providers, in particular to mobile network operators.
In 2006, Comverse was involved in an options backdating scandal. Ex-CEO Jacob Alexander, was classified a wanted fugitive in August 2006 by the US Federal Bureau of Investigation. Currently living in Namibia, he is fighting extradition to the US. Like finance chief David Kreinberg and former senior general counsel William Sorin, Alexander faces charges related to alleged options backdating or other actions related to stock options: conspiracy, fraud, money laundering and making false filings to the Securities and Exchange Commission.
On September 27, 2006, he was arrested in Namibia after hiding in Windhoek with his family, where he had bought a house at...
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