Former tech CEO faces sentencing after self-exile in Africa

A wealthy former CEO who dodged securities fraud charges for a decade by fleeing to Africa is facing sentencing in New York City.

Jacob "Kobi" Alexander is due in federal court in Brooklyn on Thursday.

Alexander came under investigation as the successful head of a telecommunications software firm called Comverse. He was in Israel and negotiating a possible surrender when he vanished in 2006.

He turned up in Namibia after having transferred tens of millions of dollars overseas. He lived comfortably there until last year, when he gave up an extradition fight and agreed to plead guilty in the U.S.

The defense says the 64-year-old Alexander shouldn't get more than two years behind bars. Prosecutors want a stiffer punishment.

Last year, a judge rejected his $25 million bid for bail.



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