Ex-Netflix Executive Convicted in Bribery-Kickback Scheme
- Michael Kail unlocked ‘a stream of cash,’ prosecutors say
- Two-week trial ends with guilty verdict for fraud, laundering
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A former Netflix Inc. executive was convicted of taking kickbacks from vendors in exchange for approving millions of dollars in contracts for products and services, federal prosecutors said.
A jury on Friday found Michael Kail, a former vice president of information technology operations, guilty of wire and mail fraud and money laundering after a two-week trial, according to a statement issued by the U.S. Attorney’s office in San Francisco.