Namibian court sets date for extradition hearing for Jacob "Kobi" Alexander
It will be at least five months before a fugitive high-tech businessman learns whether he will be sent to the United States for trial in a scheme to pocket millions of US dollars by secretly manipulating stock options, a Namibian government official said Friday.
At a hearing Thursday, a magistrate set an extradition hearing for April 25-27 for Jacob "Kobi" Alexander, according to Dennis Khama, a Namibian Ministry of Justice official who handles extradition issues. Khama said Alexander made a brief appearance at the hearing.
Alexander, the former chief executive of voicemail-software maker Comverse Technology Inc., was arrested Sept. 26 in the Namibian capital Windhoek at the request of the FBI after at two-month manhunt. The United States formally requested his extradition last month.
Comverse's former general counsel and former head of finance both have pleaded guilty in the case, and both said in U.S. federal court that they conspired with Alexander to backdate options and falsify financial statements to conceal the fraud from shareholders.
In an affidavit filed with a Namibian court, Alexander, a 54-year-old Israeli citizen, said he had entered the country lawfully in July and had been living here openly with his wife and three children. He was granted bail of about US$1.3 million.
It is alleged that from 1991 through 2005, Alexander exercised options and sold stocks worth approximately US$150 million, making a US$138 million profit, according to a U.S. criminal complaint. Of that, about US$6.4 million was generated by backdating options.
The complaint accuses Alexander and two other former top Comverse executives of making stock options more lucrative by backdating their exercise price to a low point in the stock's value.
In addition, the company awarded thousands of stock options to fictional employees, then secretly transferred the awards to an internal account under the name I.M. Fanton, which stood for phantom, U.S. court papers said. The scheme allowed Alexander to award those options to real "favored employees" and to himself without board of directors approval, the papers added.
Comverse Technology is headquartered in Woodbury, New York.
Original article posted here.
You might not connect it to this article . . .
3 from Comverse facing fraud charges on options
By Julie Creswell The New York Times
Published: August 10, 2006
NEW YORK Describing a brazen scheme to manipulate the granting of options, federal prosecutors have charged three former executives of Comverse Technology with mail fraud, securities fraud and wire fraud.
In charging the former executives on Tuesday, prosecutors said they had used fictitious employees to create a secret slush fund of options to be distributed to favored employees.
The former chief executive, Jacob Alexander, who had built Comverse into a $1 billion leader in the communications software market, did not appear in court and is believed to have fled to Germany or Israel, according to a person briefed on the investigation. A warrant was issued for his arrest.
Alexander is highly regarded in Israel, where he once owned a stake in a Tel Aviv professional basketball team and where Comverse has extensive business operations.
In late July, he wired $57 million to an account in Israel, according to court filings from the Justice Department. Millions more are believed to remain in his accounts in the United States, which prosecutors have asked to be frozen.
The other two defendants, David Kreinberg, former chief financial officer, and William Sorin, former general counsel, were arraigned Wednesday in U.S. District Court in Brooklyn, where they were released on $1 million bail each, secured by their homes. The Securities and Exchange Commission also filed a civil complaint against the three men.
Lawyers for Alexander and Kreinberg declined to comment on the charges. A call to a lawyer for Sorin was not returned.
The criminal case against the Comverse executives, who resigned in May, is the second involving the manipulation of stock options. Last month, federal prosecutors in San Francisco charged the former chief executive of Brocade Communications and its former head of human resources with securities fraud.
James Burrus Jr., acting assistant director of the Federal Bureau of Investigation, said at a news conference in Washington that the FBI was investigating 45 cases involving the backdating of options. More than 80 companies nationwide are now under investigation over their options practices by the Securities and Exchange Commission or by the Justice Department.
Prosecutors contend the three men devised a complex scheme to backdate every company-wide grant of options from 1998 to 2001 to days when Comverse's stock was trading at lower prices.
Options give an employee the right to buy a stock at some point in the future at the price of the stock on the day it was granted, commonly referred to as the strike price. The lower the strike price, the more an option is worth to the recipient. By falsely dating the options at a time when the stock was trading at a lower price, the recipient receives even bigger profits.
From 1991 to 2005, Alexander made profits of $138 million on options he exercised and stock he sold, prosecutors said. About $6.4 million of that profit was a result of backdated options, prosecutors say.
Likewise, Kreinberg and Sorin exercised options and sold shares for profits of about $13 million and $14 million, respectively, according to court filings. Around $1 million of those profits for both of the men came from backdating, prosecutors said.
"Each of the former executives realized substantial personal gains from the exercise of the illegally backdated option grants and the subsequent sale of Comverse common stock," said Linda Chatman Thomsen, director of enforcement at the Securities and Exchange Commission. "Collectively, they realized millions."
Comverse has said it will have to restate financial results back to 2001 and possibly even further.
Alexander is credited with turning Comverse - once a penny stock on the verge of failure - into a market leader in the voice-messaging software arena with global operations. He holds a bachelor's degree in economics from Hebrew University of Jerusalem and a master's degree in finance from New York University.
Michael J. de la Merced contributed reporting from New York and John Files from Washington.
NEW YORK Describing a brazen scheme to manipulate the granting of options, federal prosecutors have charged three former executives of Comverse Technology with mail fraud, securities fraud and wire fraud.
In charging the former executives on Tuesday, prosecutors said they had used fictitious employees to create a secret slush fund of options to be distributed to favored employees.
The former chief executive, Jacob Alexander, who had built Comverse into a $1 billion leader in the communications software market, did not appear in court and is believed to have fled to Germany or Israel, according to a person briefed on the investigation. A warrant was issued for his arrest.
Alexander is highly regarded in Israel, where he once owned a stake in a Tel Aviv professional basketball team and where Comverse has extensive business operations.
In late July, he wired $57 million to an account in Israel, according to court filings from the Justice Department. Millions more are believed to remain in his accounts in the United States, which prosecutors have asked to be frozen.
The other two defendants, David Kreinberg, former chief financial officer, and William Sorin, former general counsel, were arraigned Wednesday in U.S. District Court in Brooklyn, where they were released on $1 million bail each, secured by their homes. The Securities and Exchange Commission also filed a civil complaint against the three men.
Lawyers for Alexander and Kreinberg declined to comment on the charges. A call to a lawyer for Sorin was not returned.
The criminal case against the Comverse executives, who resigned in May, is the second involving the manipulation of stock options. Last month, federal prosecutors in San Francisco charged the former chief executive of Brocade Communications and its former head of human resources with securities fraud.
James Burrus Jr., acting assistant director of the Federal Bureau of Investigation, said at a news conference in Washington that the FBI was investigating 45 cases involving the backdating of options. More than 80 companies nationwide are now under investigation over their options practices by the Securities and Exchange Commission or by the Justice Department.
Prosecutors contend the three men devised a complex scheme to backdate every company-wide grant of options from 1998 to 2001 to days when Comverse's stock was trading at lower prices.
Options give an employee the right to buy a stock at some point in the future at the price of the stock on the day it was granted, commonly referred to as the strike price. The lower the strike price, the more an option is worth to the recipient. By falsely dating the options at a time when the stock was trading at a lower price, the recipient receives even bigger profits.
From 1991 to 2005, Alexander made profits of $138 million on options he exercised and stock he sold, prosecutors said. About $6.4 million of that profit was a result of backdated options, prosecutors say.
Likewise, Kreinberg and Sorin exercised options and sold shares for profits of about $13 million and $14 million, respectively, according to court filings. Around $1 million of those profits for both of the men came from backdating, prosecutors said.
"Each of the former executives realized substantial personal gains from the exercise of the illegally backdated option grants and the subsequent sale of Comverse common stock," said Linda Chatman Thomsen, director of enforcement at the Securities and Exchange Commission. "Collectively, they realized millions."
Comverse has said it will have to restate financial results back to 2001 and possibly even further.
Alexander is credited with turning Comverse - once a penny stock on the verge of failure - into a market leader in the voice-messaging software arena with global operations. He holds a bachelor's degree in economics from Hebrew University of Jerusalem and a master's degree in finance from New York University.
Michael J. de la Merced contributed reporting from New York and John Files from Washington.
Original article posted here.
And you might not connect it to this article . . .
MOSSAD: The Israeli Connection to 9/11
By Christopher Bollyn
Exclusive to American Free Press
U.S. investigators and the controlled media have ignored a preponderance of evidence pointing to Israel's intelligence agency, the Mossad, being involved in the terror attacks of 9/11.
From the very morning aircraft smashed into the World Trade Center (WTC) and the Pentagon, news reports have indicated Israeli intelligence being involved in the events of 9/11 – and the planting of "false flags" to blame Arab terrorists and mold public opinion to support the pre-planned "war on terror."
Shortly after the destruction of the twin towers, radio news reports described five "Middle Eastern men" being arrested in New Jersey after having been seen videotaping and celebrating the explosive "collapses" of the WTC.
These men, from a phony moving company in Weehawken, N.J., turned out to be agents of Israeli military intelligence, Mossad. Furthermore, their "moving van" tested positive for explosives.
Dominic Suter, the Israeli owner of Urban Moving Systems, the phony "moving company," fled in haste, or was allowed to escape, to Israel before FBI agents could interrogate him. The Israeli agents were later returned to Israel on minor visa violations.
The Assistant Attorney General in charge of criminal investigations at the time was Michael Chertoff, the current head of the Dept. of Homeland Security. Chertoff, the son of the first hostess of Israel's national air carrier, El Al, is thought to be an Israeli national.
One of the Israeli agents later told Israeli radio that they had been sent to "document the event" – the event which took the lives of some 3,000 Americans.
Despite the fact that the Israelis arrested in New Jersey evidently had prior knowledge or were involved in the planning of 9/11, the U.S. mainstream media has never even broached the question of Israeli complicity in the attacks.
ISRAELIS FOREWARNED
On September 12, 2001, the Internet edition of The Jerusalem Post reported, "The Israeli foreign ministry has collected the names of 4,000 Israelis believed to have been in the areas of the World Trade Center and the Pentagon at the time of the attack."
Yet only one Israeli was killed at the WTC and two were reportedly killed on the "hijacked" aircraft.
Although a total of three Israeli lives were reportedly lost on 9/11, speechwriters for President George W. Bush grossly inflated the number of Israeli dead to 130 in the president's address to a joint session of Congress on September 20, 2001.
The fact that only one Israeli died at the WTC, while 4,000 Israelis were thought to have been at the scene of the attacks on 9/11 naturally led to a widespread rumor, blamed on Arabic sources, that Israelis had been forewarned to stay away that day.
"Whether this story was the origin of the rumor," Bret Stephens, the Post's editor-in-chief wrote in 2003, "I cannot say. What I can say is that there was no mistake in our reporting."
ODIGO INSTANT MESSAGES
Evidence that Israelis had been forewarned several hours before the attacks surfaced at an Israeli instant messaging service, known as Odigo. This story, clear evidence of Israeli prior knowledge, was reported only briefly in the U.S. media – and quickly forgotten.
At least two Israel-based employees of Odigo received warnings of an imminent attack in New York City more than two hours before the first plane hit the WTC. Odigo had its U.S. headquarters two blocks from the WTC. The Odigo employees, however, did not pass the warning on to the authorities in New York City, a move that could have saved thousands of lives.
Odigo has a feature called People Finder that allows users to seek out and contact others based on certain demographics, such as Israeli nationality.
Two weeks after 9/11, Alex Diamandis, Odigo's vice president, reportedly said, "It was possible that the attack warning was broadcast to other Odigo members, but the company has not received reports of other recipients of the message.”
The Internet address of the sender was given to the FBI, and two months later it was reported that the FBI was still investigating the matter. There have been no media reports since.
Odigo, like many Israeli software companies, is based and has its Research and Development (R&D) center in Herzliya, Israel, the small town north of Tel Aviv, which happens to be where Mossad's headquarters are located.
Shortly after 9/11, Odigo was taken over by Comverse Technology, another Israeli company. Within a year, five executives from Comverse were reported to have profited by more than $267 million from "insider trading."
Through Israeli "venture capital" (VC) investment funds, Mossad spawns and sponsors scores of software companies currently doing business in the United States. These Israel-based companies are sponsored by Mossad funding sources such as Cedar Fund, Stage One Ventures, Veritas Venture Partners, and others.
As one might expect, the portfolios of these Mossad-linked funding companies contain only Israeli-based companies, such as Odigo.
Reading through the strikingly similar websites of these Israeli "VC" funds and their portfolio companies, one can't help but notice that the key "team" players share a common profile and are often former members of "Israel's Intelligence Corps" and veterans of the R&D Department of the Israel Air Force or another branch of the military. Most are graduates of Israel's "Technion" school in Haifa, Mossad's Interdisciplinary Center (IDC) in Herzliya, or a military program for software development.
The IDC, a private, non-profit university, is closely tied to the Mossad. The IDC has a "research institute" headed by Shabtai Shavit, former head of the Mossad from 1989 to 1996, called the International Policy Institute for Counter-Terrorism.
The IDC also has a "Marc Rich Center for the Study of Commodities, Trading and Financial Markets" and a "Lauder School of Government, Diplomacy and Strategy." The cosmetics magnate Ronald S. Lauder, who is a supporter of Israel's Prime Minister Ariel Sharon and his far-right Likud Party, founded the Lauder school.
Lauder, president of the Jewish National Fund and former chairman of New York Governor George Pataki's Commission on Privatization, is the key individual who pushed the privatization of the WTC and former Stewart AFB, where the flight paths of the two planes that hit the twin towers oddly converged. Ronald Lauder played a significant, albeit unreported, role in the preparation for 9/11.
Pataki's wife, Libby, has been on Lauder's payroll since at least 2002 and reportedly earned $100,000 as a consultant in 2004. According to The Village Voice, between 1994 and 1998, Gov. Pataki earned some $70,000 for speaking to groups affiliated with Lauder.
THE PTECH CUTOUT
Ptech, a mysterious software company has been tied with the events of 9/11. The Quincy, Massachusetts-based company was supposedly connected to "the Muslim Brotherhood" and Arab financiers of terrorism.
The firm's suspected links with terrorism resulted in a consensual examination by the FBI in December 2002, which was immediately leaked to the media. The media reports of the FBI "raid" on Ptech soon led to the demise of the company.
Ptech "produced software that derived from PROMIS, had an artificial intelligence core, and was installed on virtually every computer system of the U.S. government and its military agencies on September 11, 2001," according to Michael Ruppert's From the Wilderness (FTW) website.
"This included the White House, Treasury Dept. (Secret Service), Air Force, FAA, CIA, FBI, both houses of Congress, Navy, Dept. of Energy, IRS, Booz Allen Hamilton, IBM, Enron and more," FTW reported.
"Whoever plotted 9/11 definitely viewed the FAA as the enemy that morning. Overriding FAA systems would be the most effective way to ensure the attacks were successful," FTW reported. "To do this, the FAA needed an evolution of PROMIS software installed on their systems and Ptech was just that; the White House and Secret Service had the same software on their systems – likely a superior modified version capable of 'surveillance and intervention' systems."
But did the U.S. government unwittingly load software capable of "surveillance and intervention" operations and produced by a company linked to terrorism onto its most sensitive computer networks, or was Ptech simply a Mossad "cutout" company?
Oussama Ziade, a Lebanese Muslim immigrant who came to the U.S. in 1985, founded Ptech in 1994. But the company's original manager of marketing and information systems was Michael S. Goff, whose PR firm, Goff Communications, currently represents Guardium, a Mossad-linked software company.
And Goff comes from a well-to-do line of Jewish Masons who have belonged to Worcester's Commonwealth Lodge 600 of B'nai Brith for decades. So, why would a recently graduated Juris Doctor in Law leave a promising law career to join forces with a Lebanese Muslim's upstart company sponsored with dodgy funders in Saudi Arabia?
"As information systems manager [for Ptech], Michael handled design, deployment and management of its Windows and Macintosh, data, and voice networks," Goff's website says. "Michael also performed employee training and handled all procurement for software, systems and peripherals."
AFP asked Goff, who left the Worcester law firm of Seder & Chandler in 1994, how he wound up working at Ptech. "Through a temp agency," Goff said. Asked for the name of the agency, Goff said he could not remember.
Could it be Mossad Temps, or maybe Sayan Placement Agency?
Goff, the original marketing manager for Ptech software, said he did not know who had written the code that Ptech sold to many government agencies. Is this believable?
Goff leaves a legal practice in his home town to take a job, through a temp agency, with a Lebanese Muslim immigrant who is selling software, and he doesn't know who even wrote the code?
AFP contacted the government agencies that reportedly have Ptech software on their computers, and IBM, to ask if they could identify who had written the source code of the Ptech software.
By press time, only Lt. Commander Ron Steiner of the U.S. Navy's Naval Network Warfare Command had responded. Steiner said he had checked with an analyst and been told that none of the Ptech software has been approved for the Navy's enterprise networks.
Original article posted here.
BUT THIS ARTICLE PUTS IT TOGETHER . . .
Israeli 9/11 Crook Flees with $57 Million to Israel
Posted By: ChristopherBollyn
Date: Thursday, 10 August 2006, 2:11 p.m.
Jacob "Kobi" Alexander, the Israeli founder of Comverse Technology, one of the leading Mossad companies involved in the terror attacks has fled justice in the United States and escaped to Israel with at least $57 million of ill-gotten gains.
As todays New York Times reports:
New York - Describing a brazen scheme to manipulate the granting of options, federal prosecutors have charged three former executives of Comverse Technology with mail fraud, securities fraud and wire fraud.
In charging the former executives on Tuesday, prosecutors said they had used fictitious employees to create a secret slush fund of options to be distributed to favored employees.
The former chief executive, Jacob Alexander, who had built Comverse into a $1 billion leader in the communications software market, did not appear in court and is believed to have fled to Germany or Israel, according to a person briefed on the investigation. A warrant was issued for his arrest.
Alexander is highly regarded in Israel, where he once owned a stake in a Tel Aviv professional basketball team and where Comverse has extensive business operations.
In late July, he wired $57 million to an account in Israel, according to court filings from the Justice Department. Millions more are believed to remain in his accounts in the United States, which prosecutors have asked to be frozen.
http://www.iht.com/articles/2006/08/10/business/options.php
(End of quote)
Kobi Alexander should be arrested and interrogated about his knowledge of the events of 9/11. His company acquired the other Mossad firm, Odigo, shortly after it was revealed that Odigo employees had been forewarned of the attacks on the World Trade Center.
This is the tip of the Israeli criminal mafia who is behind the terror attacks on 9/11.
Here is a relevant section from one of my articles about Mossad's involvement in 9/11, which I posted on RMN on April 7, 2005:
At least two Israel-based employees of Odigo received warnings of an imminent attack in New York City more than two hours before the first plane hit the WTC. Odigo had its U.S. headquarters two blocks from the WTC. The Odigo employees, however, did not pass the warning on to the authorities in New York City, a move that could have saved thousands of lives.
Odigo has a feature called People Finder that allows users to seek out and contact others based on certain demographics, such as Israeli nationality.
Two weeks after 9/11, Alex Diamandis, Odigo's vice president, reportedly said, "It was possible that the attack warning was broadcast to other Odigo members, but the company has not received reports of other recipients of the message.”
The Internet address of the sender was given to the FBI, and two months later it was reported that the FBI was still investigating the matter. There have been no media reports since.
Odigo, like many Israeli software companies, is based and has its Research and Development (R&D) center in Herzliya, Israel, the small town north of Tel Aviv, which happens to be where Mossad's headquarters are located.
Shortly after 9/11, Odigo was taken over by Comverse Technology, another Israeli company. Within a year, five executives from Comverse were reported to have profited by more than $267 million from "insider trading."
http://www.rumormillnews.com/cgi-bin/archive.cgi?read=68985
Kobi Alexander the Israeli crook who owned the Mossad companies who had clear foreknowledge of the terror attacks of 9/11. Alexander transferred $57 million to Israel and fled to Israel as a fugitive from justice. Why didn't the police arrest him before he was able to get away? Who warned him and allowed him to flee? This man is connected to the terror attacks of 9/11.
Original article posted here.
So what does this mean? THIS MEANS THAT THE UNITED STATES CAN NOW SEEK EXTRADITION OF A MAN WITH CONNECTIONS TO ISRAELI INTELLIGENCE SERVICES THAT NOT ONLY HAD FOREKNOWLEDGE OF THE UPCOMING ATTACKS ON 911, BUT PROFITED FROM THEM. THE MAJOR MEDIA HAS NOT PLACED THESE DOTS TOGETHER AND THUS DOESN'T POINT ATTENTION TO A POSSIBLE PROSECUTION THAT COULD REVEAL MORE ABOUT THE ACTUAL CAUSES OF 911 THAN ANYTHING THAT HAS BEEN REVEALED THUS FAR. SO FAR, OTHER THAN A MAN WHO WAS ALREADY INCARCERATED WELL BEFORE THE ATTACKS, NO ONE HAS BEEN PROSECUTED FOR THEIR ROLE IN 911 (and almost no information came out about the planning for that attack and the connection between the attack and numerous questions surround the
EVERY AMERICAN SHOULD BE FOLLOWING THE PATH OF JUSTICE AND KNOW THE NAME OF
1 comment:
That steak might not be a bad idea.
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