Former Netflix director convicted of money laundering

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A former Netflix manager was convicted of taking bribes and kickbacks from sellers doing business with the company. according to the United States Department of Justice.

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

Netflix sued Kail in 2014 alleging that he hid payments from sellers by referring them to his personal consultancy. 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.

Kail’s attorney Julia Mezhinsky Jayne said in a statement emailed to The edge that they were disappointed with the verdict, which she called “inexplicable and clearly unsupported by the factual evidence and the law.” They plan to appeal. Jayne said Kail “was a huge asset to Netflix and helped drive their success as a pioneering technology company.”

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