Israel to U.S. : Now Deal with Syria and Iran Message Board

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Politics : Israel to U.S. : Now Deal with Syria and Iran

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From: Cyprian	8/9/2006 9:24:28 PM
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Recall that the Israeli company Comverse Technology created Comverse Infosys, which supplies equipment and technology for U.S. government wire-taps. Carl Cameron did a report on Fox News suggesting that there is growing suspicion of back-doors in the software that would allow interception of these wire-taps. Does anyone seriously believe that these money-grubbing Zionist crooks aren't listening in on Federal law-enforcement wire-taps? Ex-Comverse executives charged in US options probe news.moneycentral.msn.com WASHINGTON (Reuters) - Two former officers of Comverse Technology Inc. surrendered to FBI agents on Wednesday as authorities charged them and the software group's former chief executive with criminal fraud in a widening U.S. investigation of corporate stock option manipulation. With more than 80 probes under way at dozens of companies, former Comverse finance chief David Kreinberg and former senior general counsel William Sorin surrendered and appeared in court in New York. Both were released, each on a $1 million bond. An arrest warrant was issued for Comverse co-founder and former CEO Jacob "Kobi" Alexander, said U.S. Deputy Attorney General Paul McNulty at a news conference. McNulty would not comment on the whereabouts of Alexander, a citizen of both the United States and Israel. "We are in the process of getting ahold of Mr. Alexander," McNulty said. The Justice Department said it has seized more than $45 million from two investment accounts in Alexander's name and alleges the ex-Comverse CEO was involved in recent months in "a money laundering scheme involving the secret transfer of more than $57 million to accounts in Israel." The Comverse case is the second leading to charges from a wide-ranging government inquiry into backdating and other abuses of stock options that appeared to have occurred during and after the late 1990s technology and telecommunications stock bubble. FAKE NAMES The Comverse defendants, the government alleged, from 1998 to 2002 reaped millions of dollars in profits by altering the grant dates of stock option awards to boost gains available to themselves and favored employees. The Justice Department said Alexander and Kreinberg used fake names "to generate hundreds of thousands of backdated options, which they then parked in a secret slush fund designed to evade the requirements of Comverse's stock option plans." The U.S. Securities and Exchange Commission said it had filed civil fraud charges against the three former executives. Attorneys for Kreinberg and Sorin refused to comment as they and their clients left the federal court in New York. A lawyer for Alexander could not be reached for comment.

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