Three former top executives at Woodbury, N.Y.-based Comverse Technology Inc., among them the company’s former top lawyer, have been charged with fraudulently manipulating the dates on stock options.
In a complaint unsealed Wednesday, the U.S. Attorney’s Office for the Eastern District of New York alleges that Jacob “Kobi” Alexander, the former CEO of the company, a leading manufacturer of voicemail software, David Kreinberg, its former finance chief, and William Sorin, its former senior general counsel, violated federal law and Securities and Exchange Commission rules by conspiring to hide the backdating from shareholders and the investing public.
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