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, 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 from The Wall Street Journal (sub. req.)