Business your connection to The Boston Globe

Fugitive Comverse ex-chief is captured

US to seek return of fraud suspect from Namibia

NEW YORK -- After a two-month international manhunt, the indicted former chief executive of leading voicemail software maker Comverse Technology Inc. was captured yesterday in southwest Africa, US officials said yesterday.

Authorities in the Republic of Namibia, acting on information from the FBI, arrested Jacob ``Kobi" Alexander in the country's capital of Windhoek, where he was living as a fugitive with his family. US officials were expected to ask for his extradition at a hearing today so he could face charges in Brooklyn alleging he hatched a scheme to pocket millions of dollars by secretly manipulating stock options.

Calls to Alexander's attorney in New York were not returned.

The manhunt was launched in late July shortly before authorities unsealed a criminal complaint accusing Alexander and two other former top executives of fraud.

The other two defendants, ex-finance chief David Kreinberg and former senior general counsel William Sorin, surrendered in August and were released on $1 million bond each.

Today (free)
Yesterday (free)
Past 30 days
Last 12 months
 Advanced search / Historic Archives