Ex-CEO Admits to Fraud After Decade on Lam in AfricaBy
Alexander fled to Namibia in 2006, sought $25 million bail
Judge rejects bail request, says wasn’t ‘born yesterday’
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.
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