Michael Kail, a former manager of Netflix, was found guilty of bribing companies that wanted to do business with Netflix during his tenure.
Kail was found guilty by the jury after a one-and-a-half-week trial against Michael Kail, former vice president of information technology operations for Netflix, in a lawsuit filed for allegations of bribery, fraud and money laundering in connection with commissions he received from tech companies that partnered with the streaming company.
‘500 thousand dollars bribe and stock option’
Kail, who worked on Netflix from 2011 to 2014, left the company in 2014 to play a role as Yahoo’s CIO. After his departure, Netflix sued Kail, accusing him of fraud and stating that he violated his trust-based duties, but they reached an out-of-court settlement in 2015.
Kail was sued again in 2018, following an investigation by the FBI and the Internal Revenue Service. The plaintiff provided evidence that Kail received bribes from nine tech companies seeking to do business with Netflix and made deals to receive 15% of the invoiced amounts for him.
Kail, who was convicted by the jury on Friday of 28 of the 29 separate crimes alleged, faces a minimum of 20 years in prison. According to the announcement, Kail received more than $ 500,000 in bribes and stock options from nine tech companies that provided products or services to Netflix during his tenure.
After all these events, no statement was made from Netflix.