'Cunning' Kobi Denied Bail
So it finally happened. Ten years after he should have been in court to face fraud charges, Kobi Alexander, the founder of telecom software specialist Comverse Technology who evaded justice for a decade in the African nation of Namibia, appeared in court Wednesday to plead guilty to one count of securities fraud, reports CNBC. (See 'Most Wanted' Kobi Comes Home for more of the backstory.)
His appeal for bail was denied by the judge, who reportedly described him as "cunning and resourceful," and Alexander is now incarcerated pending sentencing on December 10. According to CNBC, he could get a sentence of up to ten years.
Maybe the judge might see fit to set the sentence for the exact number of days that Alexander lived it up in his luxury gated community in Namibia. Just a thought.
— Ray Le Maistre, , Editor-in-Chief, Light Reading