Trials and Arbitration

Former tech CEO gets prison in US after self-exile in Africa

A wealthy former CEO who dodged securities fraud charges by spending a decade in Africa with a $50 million nest egg was sentenced Thursday to 30 months in prison by a judge in New York City who blasted him as "foolish" for hatching his scheme and fleeing justice for so long.

The sentence for Jacob "Kobi" Alexander, an Israeli citizen and permanent U.S. resident, was the longest for any U.S. defendant convicted of manipulating stock options, though far less than the maximum 10-year term. Of his two co-defendants, one received time served, and the other one year.

Alexander, 64, is a former Israeli military officer who made his fortune at the helm of...

54°