« Florida Businessman Convicted of Laundering Money | Main | Bonds' trainer to withdraw guilty plea to steroid distribution and money laundering charges »

Former Comverse CEO to Face Money Laundering Charges

As many of our readers were undoubtedly aware, the United States had been searching worldwide for the whereabouts of Kobi Alexander, former CEO of Comverse. A fugitive, Alexander had been charged in a sealed indictment in connection with a stock options scandal.

Recently, Alexander was located in Namibia, where he was arrested while eating lunch with his wife at a country club. Shortly thereafter, the indictment was unsealed. Spread out over 44 pages, the indictment consists of 32 charges, including one for money laundering, which alleges that Alexander transferred $57 million from a Citigroup account in New York to a bank account in Israel for the purpose of hiding said funds from the American authorities.

See the full story here including a brief account of how Alexander was finally located by the FBI.


TrackBack URL for this entry:

Listed below are links to weblogs that reference Former Comverse CEO to Face Money Laundering Charges:


The comments to this entry are closed.