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Former Netflix Executive Convicted Of Receiving Bribes And Kickbacks From Companies Contracting With Netflix

Department of Justice U.S. Attorney’s Office Northern District of California FOR IMMEDIATE RELEASE Friday, April 30, 2021 Former Netflix Executive Convicted Of Receiving Bribes And Kickbacks From Companies Contracting With Netflix Federal Jury Finds Former Netflix Vice President Guilty of Fraud fo...

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Hasnain says:

As someone points out - why would you do so much obviously corrupt stuff for less than you make in a year? This doesn’t make sense.

“As Netflix’s Vice President of IT Operations, Kail approved the contracts to purchase IT products and services from smaller outside vendor companies and authorized their payments. The evidence demonstrated that Kail accepted bribes in ‘kickbacks’ from nine tech companies providing products or services to Netflix. In exchange, Kail approved millions of dollars in contracts for goods and services to be provided to Netflix. Kail ultimately received over $500,000 and stock options from these outside companies. He used his kickback payments to pay personal expenses and to buy a home in Los Gatos, California in the name of a family trust. “

Posted on 2021-05-01T17:06:08+0000