As early as 2014, Netflix sued former CTO Michael Kail, accusing him of taking bribes before finally leaving Yahoo and joining Yahoo. (In 2016, Yahoo and AOL merged to form Oath, which is the mother of Engadget. Company, later acquired by Engadget). Verizon). In the end, he was indicted on charges of collecting $690,000 in rebates from a technology company that had a contract with Netflix. The company stated that the plan was discovered by reviewing emails in his work account.
The trial was postponed due to the COVID pandemic, but on Friday, the jury found Kail was guilty of 28 of the 29 counts.In the statement Bloomberg, Kail’s lawyers declared him not guilty, accused Netflix of using its influence as a powerful company to sue, and said that they would appeal the verdict.During the trial Law 360 The report stated that his defense attributed the transactions to Netflix̵
According to Craig D. Fair, the responsible agent of the FBI, Kyle “created a pay-as-you-go environment where he seized the opportunity to work with industry pioneers in honest, hardworking Silicon Valley companies.” In a statement, it broke down the company’s payments to Kail’s consulting firm and the payments made by Netflix. It said he received more than $500,000 in stocks and stock options from the company.
Netflix has not yet commented publicly on this result, but in 2014, Netflix stated that the various suppliers involved had revenues of more than $4 million, and Kail received a commission of 12% to 15% from at least two companies. Netflix and Kail settled their lawsuit in 2015. He is still released with bonds pending and may face up to 20 years in prison and fines. Regardless of what happened during the sentencing or appeal process, between this and the recent $690 million Ponzi scheme, Netflix is building its own library of real crime documentaries.
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