Posted on 05/01/2021 11:43:02 PM PDT by yesthatjallen
A federal jury on Friday convicted former Netflix vice president of IT operations, Michael Kail, for bribing a tech startup looking to deal with a streaming giant.
After a two-and-a-half-week trial in the San Francisco-based Northern California District Court for the U.S. Department of Justice, Kail was convicted of 28 of 29 cases of wire fraud, postal fraud, and money laundering. It was. Said In a statement on Friday.
Los Gatos-based 49-year-old Prosecution May 2018 accused of accepting more than $ 500,000 kickbacks between 2012 and 2014 instead of approving millions of dollars worth of deals with tech companies seeking to do business with Netflix it was done.
The conviction came after four days of deliberation. The trial was originally scheduled to be heard in March last year, but was postponed due to a coronavirus pandemic.
Judge Beth L. Freeman will hand down the decision within about three months, but Kail remains in custody. Kail faces up to 20 years in prison and a $ 250,000 fine for transfer or postal fraud convictions, and a $ 250,000 fine for 10 years imprisonment and money laundering conviction.
Kale pleaded not guilty. His lawyer, Julia Medinsky, did not respond to requests for comment.
“Bribery undermines the highly competitive environment of fair competition and innovation in all areas of business, especially cutting-edge innovation in Silicon Valley,” US Federal Attorney Stephanie M. Hinds said in a statement Friday. “Kail used a tremendous amount of power to approve a valuable Netflix deal with a small tech vendor. He tampered with the process and made himself a cash and stock kickback stream. Unleashed. ”
SNIP
(Excerpt) Read more at californianewstimes.com ...
Piss poor writing in this article.
Wonder if this is some AI generated article because the syntax is so screwed up.
“within about three months”
No AI.
I met that guy before
Too bad I can’t the correct words here to describe him
Too bad same standards are not applied to our bureaucrats and politicians.
What’s rare is he got caught.
The big tech firms can instantly make you rich, but you always need to find the right guy to butter up first.
Instead of approving millions of dollars worth of deals with ***tech companies*** seeking to do business with Netflix it was done.
Wonder if they did the tracking on him?.
AI is further advanced than that. This was likely an outsourced article written in sumthin like Farsi and fed thru Google translator.
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