Ex-CEO Admits to Fraud After Decade on Lam in Africa

  • 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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