Showing posts with label Jacob Alexander. Show all posts
Showing posts with label Jacob Alexander. Show all posts

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