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Sunday, October 1, 2006

CrimProf Jim Cohen Comments on Former Comverse CEO's Arrest in Africa

Cohen_1From latimes.com: Fordham Law School CrimProf Jim Cohen comments on Jacob "Kobi" Alexander, the voicemail magnate who fled the country rather than face charges of stock option fraud, recent arrest in the southwest African nation of Namibia.

Alexander's capture is the latest event of one of the oddest chapters of the stock option scandal, which has centered on allegations that executives improperly manipulated the awards to increase their profits. The Justice Department said that when authorities closed in on Comverse this summer, Alexander wired $57 million to Israel, where he holds citizenship.

He then took off on an overseas odyssey that sparked a global manhunt abetted by Interpol. Last month the 54-year-old fugitive was reportedly sighted in a Sri Lankan fishing village. By fleeing from his prosecutors, Alexander may have undermined his own case, some scholars said. He probably will be denied bail, said Jim Cohen, a professor of criminal law at Fordham Law School.

Beyond that, "the government will be entitled to an instruction to the jury that flight — going fugitive — is evidence of consciousness of guilt," Cohen said. Rest of Article. . . [Mark Godsey]

October 1, 2006 in CrimProfs | Permalink | Comments (0) | TrackBack (0)