Comverse execs charged with stock-option fraud
CEO still at large with $60 million

The U.S. Justice Department and the Securities and Exchange Commission said Wednesday that the slush fund was part of an elaborate fraud carried out by three former senior executives of Comverse (nasdaq: CMVT - news - people ), including former CEO and founder Jacob “Kobi” Alexander (pictured).

Options amassed in the secret account were doled out to real employees without the approval of the board’s compensation committee, the government contends. In addition, Alexander and his finance chief allegedly tried to conceal the slush fund from the board and from the company’s outside auditors.

The Justice Department says Alexander wired $60 million from his own brokerage account to Israel “in an attempt to conceal the proceeds from the U.S. authorities.” (….Full Article)

 
Reference:

Israeli 9/11 Crook Flees with $57 Million to Israel

By Christopher Bollyn
August 10th, 2006

Jacob “Kobi” Alexander, the Israeli founder of Comverse Technology, one of the leading Mossad companies involved in the terror attacks has fled justice in the United States and escaped to Israel with at least $57 million of ill-gotten gains. (more…)

In Your Guts, You Know He’s Nuts

By Jeffrey Steinberg
August 13th, 2006

The word is circulating in high-level Republican Party circles that former President George H.W. Bush is profoundly worried about the mental state of his son, the current President. According to the sources, Bush 41 has been communicating with his own intimate circle, including former National Security Advisor Brent Scowcroft, and former Secretary of State James Baker III, along with former President Bill Clinton, about G.W.’s over-the-top support for Israel’s current self-destructive assault on Lebanon. The ex-President has reportedly conveyed to his close associates that he fears that G.W. is in a messianic state and is “unreachable,” even by such close advisors as Secretary of State Condoleezza Rice. Insight magazine, the online publication of the Washington Times, buttressed this account, reporting in early August that, for the first time, a rift has developed between Rice and President Bush, over the President’s one-sided support for Israel, in the ongoing Israeli Defense Forces invasion of Lebanon.

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Quotes Re 1965 Immigration Act

By Joseph E. Fallon [PDF]
August 9th, 2006

[James Fulford writes: We’re republishing Joe Fallon’s list of broken promises, because a variety of people in Congress, (Mike Pence, for example) are making new ones, not counting Senator Edward M. Kennedy, who’s making the same ones he made last time. Many of the people who made these promises are now dead. Eugene McCarthy died of old age, but before died, he said that he and the other Senators “never intended to open the floodgates. “Robert F. Kennedy didn’t live long enough to see the results of his underestimate of Asian immigration, to quote from Alien Nation, “tragically, Robert Kennedy himself was to be assassinated by an immigrant counted by the INS as Asian.”]

The Social Contract (Spring 1999)

By Joseph E. Fallon [PDF]

 Since the 1965 Immigration Act went into effect, more than 30 million immigrants, most from non-European, Third World countries have poured into the United States. Today, most of the U.S. population growth is due to these immigrants, and their offspring. These results contradict promises made to American citizens by the Act’s Congressional Sponsors, as revealed in their own words

Senator Edward M. Kennedy (D-MA)

“Out of deference to the critics, I want to comment on … what the bill will not do. First, our cities will not be flooded with a million immigrants annually. Under the proposed bill, the present level of immigration remains substantially the same … Secondly, the ethnic mix of this country will not be upset … Contrary to the charges in some quarters, S.500 will not inundate America with immigrants from any one country or area, or the most populated and economically deprived nations of Africa and Asia. In the final analysis, the ethnic pattern of immigration under the proposed measure is not expected to change as sharply as the critics seem to think. Thirdly, the bill will not permit the entry of subversive persons, criminals, illiterates, or those with contagious disease or serious mental illness. As I noted a moment ago, no immigrant visa will be issued to a person who is likely to become a public charge … the charges I have mentioned are highly emotional, irrational, and with little foundation in fact. They are out of line with the obligations of responsible citizenship. They breed hate of our heritage.”(Senate Part 1, Book 1, pp. 1-3)

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24 IDF soldiers killed Saturday in south Lebanon

By Amos Harel, Yoav Stern and Eli Ashkenazi, Haaretz Correspondents, and Agencies

Twenty-four Israel Defense Forces soldiers were killed and another 11 seriously wounded in heavy clashes Saturday with Hezbollah forces in south Lebanon, after Israel dramatically expanded its ground operation in the area.

Five air crewmen were believed to be dead after an Israel Air Force helicopter was shot down by Hezbollah fire late Saturday, the IDF said. Hezbollah claimed the helicopter was struck by an anti-tank missile. IDF sources confirmed a helicopter had gone down and that the five crewmen were missing.(….Full Article)