Monday, October 23, 2006

Former CFO of Comverse Technology Expected to Plead

According to Peter Lattman's Wall Street Jrl. blog here, David Kreinberg, the former CFO of Comverse Technology is expected to plead guilty today.  It is interesting how the CFOs are pleading with incredible deals, while the CEOs end up facing trial (e.g. Sullivan/Ebbers).  What, if any deal, might have happened here remains unknown. In this particular case, the former CEO Kobi Alexander still needs to be returned to the United States to face the charges against him.  He is presently in Namibia awaiting possible extradition. (see here). For background on this case, see here.

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http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/10/former_cfo_of_c.html

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