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Former vice of Netflix The president of IT operations was convicted of bribing technology vendors to award contracts with Netflix, the U.S. Department ....
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. ....
To revist this article, visit My Profile, then View saved stories. 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. Ars Technica This story originally appeared on Ars Technica, a trusted source for technology news, tech policy analysis, reviews, and more. Ars is owned by WIRED s parent company, Condé Nast. ....
Pay-to-play bungs required to do business with video-streaming giant Share Copy Michael Kail, former veep of IT Operations at Netflix, was convicted on Friday on 28 counts of wire fraud, mail fraud, and money laundering after a federal jury found that he took advantage of his position to demand bribes from vendors. As Netflix’s Vice President of IT Operations, Michael Kail wielded immense power to approve valuable Netflix contracts with small tech vendors, and he rigged that process to unlock a stream of cash and stock kickbacks to himself, said Acting United States Attorney Stephanie Hinds in a statement. Netflix and other companies expect and deserve honest services from its employees. ....