SAN JOSE A federal jury convicted Michael Kail, the former Vice President of IT Operations at Netflix, of wire fraud, mail fraud, and money laundering, announced Acting United States Attorney Stephanie M. Hinds, IRS-Criminal Investigation Acting Special Agent in Charge Michael Daniels, and Federal Bureau of Investigation Craig D. Fair. The verdict follows a two-week and a half week trial before the Honorable Beth L. Freeman, U.S. District Judge.
Kail was indicted May 1, 2018, of nineteen counts of wire fraud, three counts of mail fraud, and seven counts of money laundering, in violation of 18 U.S.C. §§ 1341 (mail fraud), 1343 (wire fraud), 1346 (honest services fraud), and 1957 (money laundering). The indictment also sought forfeiture of Kail s Los Gatos residential property. The jury returned a verdict of guilty on 28 of the 29 counts.
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Netflix s former vice president of IT operations was convicted of taking bribes from technology vendors in exchange for awarding them contracts with Netflix, the US Department of Justice announced Friday. The former VP s illegal scheme forced colleagues to use a variety of products, including one that suffered from severe performance problems and another that Netflix employees objected to because they preferred a different product the company was already paying for, the DOJ said.
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TechShout - May 3, 2021
Following a two-and-a-half-week trial, Netflix’s former Vice President of IT Operations Michael Kail has been convicted of wire fraud, mail fraud and money laundering, by a federal jury in the US.
Kail was indicted on May 1, 2018, of nineteen counts of wire fraud, three counts of mail fraud and seven counts of money laundering.
The indictment also sought forfeiture of Kail’s Los Gatos residential property.
The jury returned a verdict of guilty on 28 of the 29 counts.
“Bribery undermines fair competition and innovation in any business arena, and particularly Silicon Valley’s highly competitive environment of cutting-edge innovation,” Stephanie M. Hinds, Acting US Attorney, said in a statement.
Following a two-and-a-half-week trial, Netflix s former Vice President of IT Operations Michael Kail has been convicted of wire fraud, mail fraud and money laundering, by a federal jury in the US.Kail was indicted on May 1, 2018, of nineteen .