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 [tag]conspiracy[/tag] to commit [tag]mail fraud[/tag], conspiracy to commit [tag]wire fraud[/tag], and conspiracy to commit [tag]securities fraud[/tag]. These charges related to their alleged plan to manipulate [tag]stock options[/tag].
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.