Former Netflix vice-president convicted of bribery
Former Netflix vice-presiden...
Subscribe to Newsletter

Former Netflix vice-president convicted of bribery

2 May 2021
4171
1 min.
3
Former Netflix vice-president convicted of bribery

Taking bribes

It has come to light that a former top executive of Netflix Inc. Michael Kail, who served as the company's vice president of information technology, has been convicted of accepting bribes from suppliers in exchange for contracts. Kail was convicted of fraud and money-laundering after a two-week trial, according to the San Francisco prosecutor's office, where the trial took place.

The prosecution was able to prove that the former top Netflix executive used his position at the company to influence the allocation of contracts to "extract bribes from suppliers". Although the trial only ended this week, Netflix sued Kail back in 2014, accusing him of hiding payments from suppliers, which the top executive allegedly transferred to his consulting company's account.

The lawsuit says Kail, 49, received bribes totalling $500,000 between 2011 and 2014, as well as stock options on nine technology companies that were then collaborating with Netflix. The prosecution sought forfeiture of Kail's real estate, which the jury found had been purchased with illegally obtained funds.

It should be noted that Michael Kail did not plead guilty, and his lawyer Julia Mezhinsky Jayne intends to appeal the decision of the court. She noted that the investigation was conducted under the influence of Netflix, and her client has not been proven guilty. Netflix officials declined to comment on the matter.

Persons2 and Companies1 in the news

Lawyer and founder of Jayne Law Group
1 place
Former Vice Presient of Netflix
2 place
Netflix
1 place
Section:
Rating companies
Netflix
18 Mention
Instagram
16 Mention
X (Twitter)
11 Mention
Tesla
10 Mention
Amazon
8 Mention
TikTok
8 Mention
White House
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8158895878
Died this year
45936760
Born this year
113012560