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back to article Fugitive tech CEO settles backdating case with SEC for $53m

A former tech firm CEO has finally settled a stock backdating case with the Feds, almost five years after skipping the US and heading to the South West African bolthole of Namibia. Jacob "Kobi" Alexander, co-founder and former chairman and CEO of Comverse, will pay the SEC $47.6m in disgorgement and prejudgment interest and a $ …

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Slightly misread

At the first read, I read "former CEO of Converse" and wondered where's the IT angle with a tennis shoe company. Then I saw it was actually "Comverse", which sounds like a good knock-off tennis shoe company ... oh well...

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