Ex-Comverse exec traced via VOIP call
Kobi Alexander, the former CEO of scandal-ridden tech firm Comverse, fled the United States earlier in the month in the face of an options-backdating investigation. But now he's been tracked down in Sri Lanka, apparently by a private eye working for unidentified hedge funds and/or venture capital firms.

Oh, the wrath of hedgies and VCs scorned. For those new to the story, Alexander, once known as the "Larry Ellison of Israel", built Comverse from startup to a tech powerhouse with over $1 billion in sales. Though worth well over a hundred million dollars himself, Alexander was apparently unwilling to face up to charges related to $6.4 million in improperly backdated options -- so he wired $57 million to a bank account in Israel and disappeared from the U.S. But, perhaps uneasy over Israel's extradition treaty with the U.S., Alexander decided to take up residence in the small Sri Lankan town of Negombo. (Isn't there a civil war raging in that country? Alexander seems to be leaping from the frying pan into the fire.)

But here's the real moral of the story for would-be fugitives: Think twice before you place a VOIP call while on the lam. It seems the VC's private eye had no trouble tracing Alexander's furtive VOIP communications to Negombo. Sounds like using Skype, despite its encryption features, was a bad call.
Posted by Oliver Ryan 11:00 AM 1 Comments comment | Add a Comment

Or maybe the private eye moonlights as a PR for agonizing telecom companies.
Posted By Lorenzo, Miami, FL : 2:21 PM  

To send a letter to the editor about The Browser, click hereTop of page

Got a news tip? Send it to The Browser


Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.