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Former Netflix executive convicted of money laundering

Former Netflix executive convicted of money laundering
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Former Netflix executive convicted of money laundering

Former Netflix executive convicted of money laundering

An former Netflix executive has been convicted of accepting bribes and kickbacks from vendors conducting business with the organization, as stated by the US Department of Just Ice.

Michael Kail, that was simply Netflix’s Vicepresident of it surgeries from 2011 to 2014, was found guilty by a jury of money laundering, along with wire and mail fraud. ) Based on the DOJ, Kail used his standing at the organization to”reestablish a flow of stock and cash kick backs” for themself

Netflix sued Kail at 2014 asserting he hidden payments by sellers by directing him into his own private consulting business. Based on the DOJ, Kail accepted bribes totaling more than $500,000, in addition to commodity from nine technology organizations that provided services and products to Netflix.

Kail’s attorney Julia Mezhinsky Jayne said in a statement ascribed GadgetClock which they were disappointed at the verdict, that she predicted”inexplicable and certainly championed by the real evidence and law” They intend to appeal. Jayne said Kail had been”an enormous advantage to Netflix and helped induce their victory as a cuttingedge tech provider.”

Netflix failed to immediately answer your request for comment Saturday.

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