He was once dubbed the Larry Ellison of Israel but now Jacob Alexander, former chairman and CEO of Comverse, has likely fled to Israel to avoid prosecution after he was charged earlier this month with securities, mail and wire fraud by federal prosecutors. Israeli-born Alexander is one of many executive charged with exercising stock options and then back-dating them when the shares began to lose their value. Alexander's lawyer said he believes his client is just on vacation in Israel, but the former Comverse executive wired $57 million to an account in Israel in late July. That's some vacation. While the U.S. has an extradition treaty with Israel, it is unclear whether the treaty covers the crimes Alexander is accused of.
To read more about Alexander's trip fugitive status:
- take a look at this article from The New York Times