Wednesday, August 09, 2006

Criminal Complaint Filed Against Former Comverse Execs

Here’s the 53-page criminal complaint filed this morning against three former Comverse Technology executives on backdating charges. General counsel William Sorin and CFO David Kreinberg surrendered to FBI agents this morning. They will be arraigned at 2:30 p.m. today in federal court in Brooklyn, before Magistrate Judge Viktor Pohorelsky. The SEC also filed a civil complaint against the three former executives today.
No word on the whereabouts of former CEO Kobi Alexander, who was also named in the complaint. But several law enforcement officials are voicing concern that Alexander has traveled overseas and are worried that he will not turn himself in this morning, reported WNBC reporter Jonathan Dienst on CNBC. Dienst says spokesman at the FBI, SEC, and DOJ are not commenting, and Alexander’s lawyers did not returning calls. No one yet is calling the CEO yet a fugitive, reports Dienst.

No comments: