US officials: Israeli fugitive captured in Namibia

September 27, 2006 18:35

The fugitive former chief executive of Comverse Technology Inc. has been captured in Africa, US officials announced Wednesday. The arrest of Jacob "Kobi" Alexander in the Republic of Namibia was announced by the US attorney's office in Brooklyn. Details were not immediately available. Alexander, a dual citizen of Israel and the US, is a founder and former chief executive of Comverse, a leading maker of voicemail software based in the United States. He was wanted in the US on charges of manipulating stock options for personal gain. Two other Comverse executives have turned themselves in to US authorities, but Alexander disappeared after having transferred $57 million (€44.9 million) to Israel.

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