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Netflix executive gets jail
December 16, 2021
A former Netflix executive was sentenced Tuesday to two and a half 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.
Abcnews reports that 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.
