In an effort to top UnitedHealth in the annals of backdating, executives at Comverse Technology are alleged not only to have backdated their own options but to have invented fake employees to receive grants as well.
In a 35-count federal indictment, prosecutors claim that CEO Jacob Alexander used a slush fund under the name I.M. Fanton to make awards as he saw fit.
Alexander flees the country but is taken into custody in Namibia after a six-week international manhunt.
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His mistake: the fake passport with the name I.M. Outtahere... |  See the video, test your Dumbest knowledge, and check out our 'Sex, drugs, and celebrities' gallery. (more)  Business 2.0's Adam Horowitz and comedian Mo Rocca ponder the stupidity of this tactless treatment of fired workers. (more)  |
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