Former Netflix executive found guilty on 28 charges of fraud, money laundering

Former Netflix executive Michael Kail was found guilty by a federal jury on Friday over charges including fraud and money laundering.

Hannah Nightingale Washington DC

Former Netflix executive Michael Kail was found guilty by a federal jury on Friday over charges including fraud and money laundering, Fox Business reports.

As a former Netflix Vice President, Kail oversaw the streaming giant's internet technology department. Kail's defense attorney Julia Jayne said that Kail helped turn the company into the technological success that it is today.

"We are very disappointed in the jury’s verdict," said Jayne. "It goes to show that an innocent person can be convicted when there are so many counts stacked against them and there is a powerful corporation, Netflix, driving the investigation and prosecution."

The charges Kail was indicted on back in 2018 were seven counts of money laundering, 19 counts of wire fraud, and three counts of mail fraud. He plead not guilty to all charges.

The jury found Kail guilty on 28 of the 29 charges at the conclusion of the nearly two week long trial that began April 19 in San Jose, California. Kail could face fines and up to 20 years in prison.

Jayne says that Kail intends to appeal the court's decision.

The prosecutors alleged that between February 2012 and July 2014, Kail accepted valuable stock options and at least $500,000 in kickback from nine tech companies looking to get contracts approved to do business with Netflix.

Prosecutors also alleged that Kail created Unix Mercenary LLC to be able to receive the bribes from these companies, and to buy another home in Los Gatos, California.

"Not only did Mr. Kail deprive Netflix of its money and resources by abusing his position as VP of IT Operations," said FBI Special Agent in Charge Craig D. Fair in a statement, "he created a pay-to-play environment whereby he stole the opportunity to work with an industry pioneer from honest, hardworking Silicon Valley companies."

N/A by N/A is licensed under N/A

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me in September

We will use this to send you a single email in September 2020. To find out what personal data we collect and how we use it, please visit our Privacy Policy

By signing up you agree to our Terms of Use and Privacy Policy
© 2022 The Post Millennial, Privacy Policy