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…

Andrew Caspersen, a former Wall Street executive, pleaded guilty to federal charges that he defrauded investors of nearly $40 million. Caspersen, accompanied by his attorney, pleaded guilty in a Manhattan federal courtroom to one charge of wire fraud and one charge of securities fraud, each of which carries a maximum penalty of 20 years in…

A Manhattan judge sentenced a hedge fund manager to probation rather than prison for securities fraud, saying that the defendant had taken responsibility for his crimes quickly. U.S. District Judge Robert Sweet sentenced Owen Li, the founder of Canarsie Capital LLC, to probation. The judge earlier indicated that he was likely to give Li a…

Authorities said that a New York man pleaded guilty to securities and wire fraud in connection with a scheme to defraud his family members and friends out of over $1.5 million. Williams Wells, 42, pleaded guilty in federal court in Manhattan to one count of wire fraud and one count of securities fraud, according to…