Comverse technology backdating
Comverse Technology had several wholly or partly owned subsidiaries.
The name "Comverse" is a fusion of the words "communication" and "versatility".
The former Comverse Technology chief executive officer who authorities say fled to Africa a decade ago to avoid prosecution in a stock options scandal will return to the United States and plead guilty to a criminal charge, his lawyer said on Monday.Much of its funding came from Israeli government subsidies and tax credits provided to research and development for hi-tech firms.By the mid-1990s, one of its most successful products allowed legal authorities and intelligence agencies to record and store data collected from intercepted communications.He had long been fighting extradition to the United States, where he was indicted on 35 charges that included securities fraud, money laundering and obstruction. In connection with a 2009 settlement of a lawsuit by Comverse investors, Alexander agreed to pay million to the software developer and waive more than million of claims against it. Comverse was bought out in 2013 by a former unit, Verint Systems (vrnt).The next year, he reached a .6 million civil settlement with the U. Alexander's expected plea was reported earlier by CNBC.