November 25, 2010

Major Corporate Fraud Case Settled

Just an ordinary American struggling to make ends meet.

[From article]
"Alexander was charged with illegally pocketing $138 million since the 1990s by backdating stock options at the Long Island-based firm, which he built into a $1 billion annual business by developing voicemail technology for cell phones.
[. . .]
The Alexander family lives openly in a posh golf-course estate and travels freely in the impoverished country, where more than half its people live on subsistence farms on per-capita income of $155 a year."

http://www.nypost.com/p/news/business/kobi_ponies_up_for_fraud_QEwT2PJK4n9DvxeGEL83wK

'Kobi' ponies up $54M for fraud
By PAUL THARP
New York Post
Last Updated: 2:46 AM, November 24, 2010
Posted: 11:57 PM, November 23, 2010

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