usa n dating sites - Comverse backdating settlement
The name "Comverse" is a fusion of the words "communication" and "versatility".
It established a formidable position in the worldwide mobile voicemail management market and sold a popular short message service center (SMSC) product.
While headquartered in the US, most of the company's research and development was done in Israel; Comverse became one of the more visible success stories in Israel's hi-tech industry.
Alexander also will pay a $6 million civil penalty to the Securities and Exchange Commission."Alexander fled halfway around the world, but he was not able to escape the financial consequences of his crimes," Brooklyn-based U. The SEC alleged that Alexander also created a slush fund of backdated options by causing options to be granted to fictitious employees, and later used these options to recruit and retain key personnel.
The funds will go to Comverse, which will use them to settle shareholder suits related to the backdating allegations. The options' grant dates were allegedly falsified to coincide with a low point in the stock's value, thereby boosting the value of the stock option.
He has been fighting extradition following his indictment in the United States on 32 charges including securities fraud, money laundering and conspiracy. It includes a $6 million fine payable to the SEC, and does not affect the government’s criminal case. “Alexander fled halfway around the world, but he was not able to escape the financial consequences of his crimes.” Jeremy Temkin, a partner at Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer PC representing Alexander, said: “Mr.
Tuesday’s settlement resolves a Securities and Exchange Commission lawsuit, as well as a civil forfeiture action by U. Alexander is pleased to have resolved the SEC and civil forfeiture actions, and to put these matters behind him.” He declined to comment on the extradition proceedings.
The roughly million announced today will make up the bulk of that, said Alexander's attorney, Jeremy Temkin.
The million owed to the SEC will bring Alexander's total settlement payout to million.
The awards process is unique within the industry - with the shortlist being drawn up in association with Aon Hewitt, one of the leading investment consultants in the market, highlighting asset managers who have demonstrated both excellent performance and relative growth in assets under management.
Professional Pensions is bringing Investment & Risk to Birmingham to reach out to trustees who may not be able to travel to London for events.
Jacob "Kobi" Alexander, the former chairman and CEO of voicemail software maker Comverse Technology Inc. Regulators said the scheme resulted in Comverse overstating its earnings for more than a decade. Y.-based Comverse settled charges regarding the allegations of improper backdating of stock options and other accounting problems with federal regulators last year.Tags: Adult Dating, affair dating, sex dating