We've been doing a lot of writing about backdating lately but what about the poster-child for criminal backdating fugitives, Kobi Alexander? The founder of Comverse vanished after US authorities sought to arrest him on charges related to backdating, securities fraud and bribery. He later turned up in Namibia, where he was arrested by authorities and awaits an extradition hearing in April.
Over the weekend, Bloomberg reported that Alexander has started a low-income home construction business in Namibia.
His Namibian company, Kobi Alexander Enterprises, has already developed two projects in the coastal city of Walvis Bay involving the construction of 200 houses for low-income residents, the company said in an advertisement yesterday in The Namibian, a local newspaper.
“Mr. Kobi Alexander, its founder, brings with him a wealth of business acumen,” the advertisement said. “He is the founder of Comverse Technology, the world’s leading supplier of enhanced services for telecommunications companies."
We can only imagine how that "business acumen" line strikes the US prosecutors who have done their best to paint Alexander as the worst sort of corporate criminal.
U.S. Fugitive Starts Over in Namibia [Bloomberg in NYT]