Thursday, May 10, 2007
William F. Sorin, former GC at Comverse Technologies, is the first executive to be sentenced to prison in the stock options backdating scandals. Sorin pleaded guilty last November and today was sentenced to one year in prison, as well as restitution of $51.8 million. Comverse's CEO, Kobi Alexander, is still in Namidia. See WSJ, Former Comverse Lawyer Sentenced to One Year in Jail.