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Oct 20 2016

Comverse CEO faces securities fraud charge a decade later

The former founder and chief executive officer of Comverse Technology Inc. pleaded guilty to one count of securities fraud in a Brooklyn federal court on August 24. Jacob Alexander ended his extradition fight in Namibia where he had been living in exile for the past decade. The government said he fled the United States in…

Sep 30 2016

Freedom Tower contractor found guilty of wire fraud

A Canadian contractor working on the Freedom Tower in New York City was convicted of wire fraud and conspiracy to commit wire fraud charges on August 10. A Manhattan federal jury found Larry Davis, 65, and his company guilty of defrauding the Port Authority of New York and New Jersey. His company, DCM Erectors Inc.,…