Ex-Comverse CFO Pleads Guilty, Settles With SEC

Law360, New York (October 24, 2006, 12:00 AM EDT) -- The former chief financial officer of Comverse Technology Inc., David Kreinberg, on Tuesday became the first of three Comverse executives facing criminal charges over the alleged backdating of stock options to plead guilty.

Kreinberg appeared Tuesday afternoon before Judge Nicholas Garaufis in the U.S. District Court for the Eastern District of New York.

"I knew at the time that my actions and agreements with others at the company to act as I have were wrong," Kreinberg told the judge, according to Reuters.

Kreinberg also settled civil...
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