Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessNetflix ex-VP found guilty of taking bribes and kickbacks from tech companies...

Netflix ex-VP found guilty of taking bribes and kickbacks from tech companies to awards contracts

Add to Favorite
Added to Favorite

 

On Friday, a federal jury said that a former Vice President of Netflix was guilty. He was charged with taking bribes, kickbacks and stock options from tech companies for approving contracts with the giant streaming platform Netflix. Michael Kail was in charge of the platform’s internet technology department.

 

In 2018, he was indicted on 29 counts –19 counts of wire fraud, seven counts of money laundering and three counts of mail fraud. He pleaded not guilty. A jury in San Jose, California, found him guilty on 28 of the 29 charges. His lawyer Julia Jayne said he was innocent. She also said that he was the person who helped drive the success of the platform. She also blamed Netflix for “driving the investigation and prosecution. She said that he would appeal the sentence.

 

The Department of Justice released a statement on Friday which said he used his kickback payments for personal expenses. He also used a family trust to buy a home in Los Gatos, California. It said that his home which is worth almost $3 million will be forfeited to the federal government, according to Mercury News.

 

The 49-year old executive founded a consultancy service called Unix Mercenary. He used it to funnel his ill-gotten kickbacks and bribes. His scheme also involved nine more companies, as per the prosecutor’s allegations in the court filings. The indictment reportedly said that his total take could have been approximately $690,000.

 

Prosecutors also said that he used his home address and a personal mail id to rout communications, to conceal his activities. He is said to have received these bribes and kickbacks from nine tech companies who wanted to work with Netflix. He took these bribes between February 2012 and July 2014. In 2014, he had a confrontation with Reed Hastings, the CEO on possible conflicts of interests and resigned shortly after the incident.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Advance Auto Parts Downgraded to Sell Amid Earnings Miss and Weak Outlook

CFRA analysts downgraded Advance Auto Parts (NYSE:AAP) from Hold...

Guggenheim Reiterates Buy Rating on Cabaletta Bio Amid Promising Data

Guggenheim analysts reaffirmed a Buy rating and a $23...

Goldman Sachs Initiates Neutral Coverage on Doximity, Highlights Balanced Growth Potential

Goldman Sachs analysts initiated coverage on Doximity (NYSE:DOCS) with...