Ex Comverse exec nabbed in Africa

Comverse's ex-CEO, Kobi Alexander, who has been on the run to avoid prosecution after he was charged in August with securities, mail and wire fraud by federal prosecutors [1], was nabbed in Namibia, Africa. He is being held pending extradition to the U.S. Israeli-born Alexander was once dubbed the Larry Ellison of Israel, but is now one of many Comverse executives charged with exercising stock options and then back-dating them when the shares began to lose their value.

For more about Alexander's whereabouts:
- check out this article [2] from The Wall Street Journal (sub. req.)