Jacob “Kobi” Alexander, the former CEO of Comverse Technologies who fled to southern Africa to avoid charges stemming from an alleged stock option backdating scheme, cannot contest the government’s civil forfeiture proceedings against two of his bank accounts, a federal judge has ruled.
Eastern District of New York Judge Nicholas G. Garaufis granted the prosecution’s motion for summary judgment on its fugitive disentitlement doctrine claim, thereby precluding Alexander from contesting its action against his two Citigroup Smith Barney accounts, which contain approximately $50 million.
