Technology
Ex-Netflix executive gets prison for accepting tech bribes
Kail was convicted of 28 counts of fraud and money laundering
![Ex-Netflix executive gets prison for accepting tech bribes](/media/10579/conversions/image-1280x720.webp)
San Jose: A former Netflix executive was sentenced Tuesday to 2 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant.
Michael Kail, 52, of Los Gatos also was ordered to forfeit $700,000 and pay a $50,000 fine, the U.S. attorney’s office said in a statement.
“Bribery and kickbacks are pernicious crimes that stifle Silicon Valley’s culture of competitive innovation,” acting U.S. Attorney Stephanie M. Hinds said in the statement.
Kail is a former Netflix vice president who oversaw the company’s internet technology department. Prosecutors alleged that Kail accepted more than $500,000 in kickbacks — as well as valuable stock options — in exchange for approving millions of dollars in contracts for nine tech companies seeking to do business with Netflix between February 2012 and July 2014.
In April, Kail was convicted of 28 counts of fraud and money laundering.
Netflix prohibits its employees from having conflicts of interest and requires them to disclose actual or apparent conflicts of interest and to report gifts from people or entities seeking to sell to the company, authorities said.
SOURCE: AP
-
Pakistan 14 hours ago
JUI (F) will remain part of opposition, Maulana Fazal-ur-Rehman reaffirms
-
Pakistan 13 hours ago
PM says PPP important ally in parliament
-
World 15 hours ago
In debate with VP Harris, Trump raises ‘chaotic’ US pullout from Afghanistan abandoning modern arms
-
Pakistan 14 hours ago
NA Speaker issues production for PTI parliamentarians
-
Pakistan 14 hours ago
Govt withdraws Rs14 per unit electricity relief for Islamabad consumers
-
Pakistan 19 hours ago
Govt decides to transfer ongoing PWD projects to provinces
-
Sports 19 hours ago
Women's T20 World Cup 2024: Ticket prices announced for
-
Pakistan 18 hours ago
Finance Division amends Pay and Pension Rules 2020 for federal employees