Kobi Alexander
Photo: AP
US to Israel: Confiscate ex-Comverse CEO's funds, assets
US authorities in contact with Israeli authorities, namely State Prosecutor and police, in order to freeze Kobi Alexander's assets, worth tens of millions of dollars
The Kobi Alexander affair is getting more and more complicated. Yedioth Ahronoth found out that the US has been holding talks with Israeli authorities, including the State Prosecutor and the police, in order to obtain a confiscation injunction against some of the former Comverse CEO's funds and assets in Israel.
The Justice Ministry responded Tuesday: "The prosecution, as a rule, does not respond to questions of this sort, and does not confirm nor deny the information."
It is estimated that Alexander's assets are worth tens of millions of dollars. At this stage, the US authorities are in contact with Israel authorities in order to submit a coordinated request to the court to confiscate some of Alexander's assets.
Kobi Alexander
Wall Street Journal reports that US demands legislative authorities in Sri Lanka turn in ex-Comverse CEO Kobi Alexander, who was tracked down in Sri Lanka
Kobi Alexander is considered one of the main suspects in the Israeli high-tech Comverse stock options scandal. Until now, the FBI hasn't had success locating him, and he is assumed to be a fugitive from the American law authorities.
Federal prosecutors and US Security and Exchange Commission filed a suit against Alexander in a court in Brooklyn New York. The suit claims that Alexander, along with other senior executives at Comverse, "back dated" the granting of stock options in order to rake in higher earnings.
According to accusations, Alexander allegedly sold stock options worth USD 150 million between 1995 and 2001, illegally putting away USD 6.4 million in his own wallet.
Changing the options' date resulted in higher returns than what would have been produced by the original date.
Recently, Alexander has been placed on the homepage of the FBI, where he stars next to Bin Laden, under the "Crime Alert" list. Kobi Alexander was put on this list, despite the fact that the FBI has a list dedicated to white collar crimes.
