On February 27, 2017, Jacob “Kobi” Alexander, an Israeli national, was sentenced to 30 months in prison after having pled guilty to securities fraud for his role in an options backdating scheme involving Comverse Technologies Inc., a communications software company listed on the NASDAQ stock exchange.  Alexander was the CEO and Chairman of the Board of Directors of Comverse.  Between 1998 and 2006, Alexander and his co-conspirators engaged in a fraudulent options backdating scheme to select the best issuance date of Comverse stock options, which they awarded to themselves and other Comverse employees.  By backdating options, Alexander and his co-conspirators violated accounting rules and caused Comverse to overstate its profits.  Shortly before charges were filed against Alexander, he moved to Namibia.  Alexander was extradited last year, and his 30-month sentence is the longest imposed by a court in connection with an options backdating scheme.  United States v. Alexander, 06-CR-628 (E.D.N.Y.). DOJ Press Release

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