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Fri 27 Oct 2006 08:00 PM

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Comverse exec pleads guilty

The former chief financial officer of voicemail software company Comverse has become the first senior executive to plead guilty to conspiracy and securities fraud related to options backdating.

David Kreinberg has agreed to pay almost US$2.4million to settle the civil fraud charges.

Kreinberg was one of three executives to be charged over backdating.

Charges against Comverse CEO Jacob Alexander, and former general counsel, William Sorin, are still pending.

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