The former chief financial officer of Comverse Technology pleaded guilty yesterday to conspiracy and securities fraud for his role in a stock options scheme.
David Kreinberg, who left the top finance job at Comverse in May, entered his plea in Federal District Court in Brooklyn.
Prosecutors have charged Mr. Kreinberg; Comverse’s former general counsel, William F. Sorin; and its former chief executive, Jacob Alexander, with engaging in an options scheme that let them reap millions of dollars in profits by altering the grant dates of stock option awards.
Mr. Kreinberg has agreed to cooperate with federal prosecutors. He faces a possible 15 years in prison. Sentencing was set for Feb. 23.
