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"The disgraced technology executive who spent a decade on the lam to avoid charges in a US stock fraud case, returned to face justice on Wednesday — and was promptly tossed behind bars without bail by a fed-up judge who didn’t buy that he wasn’t a flight risk. Jacob “Kobi” Alexander, the founder and ex-CEO of voicemail software firm Comverse Technology, in a deal with prosecutors, pleaded guilty to one count of securities fraud in the 2006 case. In the 10-year old, 35-count indictment that sparked his flight to the southwest African nation of Namibia, Alexander was facing 20 years in prison. The 64-year old exec made $60 million by backdating stock options for years, prosecutors said in court on Wednesday. “I deeply regret having participated in this conduct,” Alexander told Brooklyn federal court Judge Nicholas Garaufis in admitting he used hindsight to rake in profits between 1998 and 2001. He faces up to 10 years in prison and", nypost.com
"The former chief executive of Comverse Technology Inc. who hid in Africa for a decade pleaded guilty to backdating stock options and was jailed immediately by a U.S. judge who said the defendant’s intelligence and guile meant he couldn’t be trusted to return to court.", www.bloomberg.com
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