Ex-Comverse CEO to Return to U.S. for Plea After a Decade
- Alexander lived in Namibia after 2006 securities fraud charges
- Former Comverse CEO to plead guilty to securities charge
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The former chief executive of Comverse Technology Inc. will return to the U.S. this week and plead guilty to backdating stock options after more than a decade fighting extradition from Africa.
Jacob "Kobi" Alexander, 64, is scheduled to appear in Brooklyn federal court Wednesday to admit to one count of securities fraud, according to his lawyers and court filings. Alexander appeared Monday in a court in Namibia and agreed to waive extradition, said one of his attorneys, Jeremy Temkin.