Kreinberg is the former CFO at Comverse Technology (nasdaq: CMVT - news - people ), and he has agreed to settle Securities and Exchange Commission charges related to options backdating.
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 .