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Former Netflix director convicted of money laundering

A former Netflix director was convicted of taking bribes and setbacks from vendors doing business with the company, according to the U.S. Department of Justice.

Michael Kail, who was Netflix’s vice president of information technology operations from 2011 to 2014, was found guilty by a jury of money laundering and fraud by mail and mail. According to the DOJ, Kail used his position in the company to “unlock a stream of cash and stock kickbacks” for himself

Netflix sued Kail in 2014, claiming he hid payments from suppliers by referring them to his personal consulting firm. According to the DOJ, Kail accepted bribes totaling more than $ 500,000 as well as stock options from nine technology companies that provided products or services to Netflix.

Kails attorney Julia Mezhinsky Jayne said in a statement sent to The edge that they were disappointed with the verdict, which she called “inexplicable and clearly not supported by the actual evidence and the law.”

; They plan to appeal. Jayne said Kail was “a huge asset to Netflix and helped drive their success as a cutting-edge technology company.”

Netflix did not immediately respond to a request for comment Saturday.

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