Ex-CEO of Comverse arrested in Africa

Posted by Tracy Coenen on September 27, 2006 · Leave a Comment 

Kobi Alexander, the former CEO of Comverse Technology was arrested in the African republic of Namibia and is going to be extradited to the United States. Alexander is a citizen of both the U.S. and Israel, and has been missing for the last month, after he failed to show up for a hearing in federal court.

Alexander is the co-founder of Comverse, a telecommunications company in New York. He and two other former executives have been charged with conspiracy to commit mail fraud, conspiracy to commit wire fraud, and conspiracy to commit securities fraud. These charges related to their alleged plan to manipulate stock options.

The FBI issued a warrant for Alexander’s arrest on July 31. He reportedly was living openly in Namibia, a country which has an active Israeli expatriate community.

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