• About
  • Privacy Policy
  • Contact
Tech Newsday
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News
No Result
View All Result
Tech Newsday
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News
No Result
View All Result
Tech Newsday
No Result
View All Result
Home Companies

Ex-Netflix IT Exec Convicted Of Money Laundering

TND News Desk by TND News Desk
May 12, 2021
in Companies
0 0
0

Michael Kail, a former vice president of IT operations at Netflix, was convicted by a federal jury of wire fraud, mail fraud and money laundering.

Kail used his position at Netflix to approve contracts with companies who offered him bribes and kickbacks.

The former Netflix executive’s plans forced colleagues to use a variety of products, including those that Netflix employees objected to because they preferred another product that the company was already paying for.

Kail was vice president of IT operations at Netflix from November 1, 2011, until August 2014, when he joined Yahoo.

In 2018, he was charged with 19 counts of wire fraud, three counts of mail fraud and seven counts of money laundering.

He was later found guilty of 28 of the 29 counts, and the jury also found that Kail’s Los Gatos home was bought with laundered money and can therefore be forfeited to the government.

To facilitate bribes, Kail founded a limited liability company called Unix Mercenary LLC, which was founded on February 7, 2012. Unix Mercenary had no employees or business address, and Kail was the only signatory to its bank accounts.

Kail also had bribery agreements with providers such as Platfora, Sumo Logic, Netskope, Maginatics, ElasticBox and Numerify.

Kail left Netflix to become chief information officer of Yahoo, where he stayed less than a year before founding a venture capital startup called Cybric, which was later renamed ZeroNorth.

After Kail’s departure, Netflix decided not to hire another VP of IT Operations and many of his former responsibilities were handed over to another employee.

For more information, read the original story in Arstechnica.

Tags: Netflix
Please login to join discussion

Subscribe

About Tech News Day

In just 10 minutes you will have all your leadership tech news needs covered. Our Editors browse the top tech news sites for you, get rid of the fluff and post summaries of the best. Our content is created by trained professionals and enhanced for IT leaders using leading edge artificial intelligence.

About

Tech Newsday

Tech News Day picks the new, most relevant tech stories.

Our selection is done by industry professionals – executives like you who pick the top stories for that day. Our writers summarize these to give you a quick summary and the key takeaways.

SUBSCRIBE

Categories

  • Artificial Intelligence
  • Auto Tech
  • Blockchain
  • Careers & Education
  • Channel Strategy
  • Cloud
  • Communications & Telecom
  • Companies
  • Data & Ananytics
  • Development
  • Digital Transformation
  • Distribution
  • Diversity & Inclusion
  • eCommerce
  • Emerging Tech
  • End User Hardware
  • Engineering
  • Financial
  • Fintech
  • Future of Work
  • Governance
  • Government & Public Sector
  • Human Resources
  • Infrastructure
  • IoT
  • Leadership
  • Legal
  • Legislation & Regulation
  • Managed Services & Outsourcing
  • Marketing
  • Martech
  • Medical
  • Mobility
  • Not for Profit
  • Open Source
  • Operations
  • People
  • Podcasts
  • Privacy
  • Security
  • Service
  • Smart Home
  • SMB
  • Social Networks
  • Software
  • Supply Chain
  • Sustainability
  • Today's News
  • Top Stories This Week
  • Women in Tech
  • Home
  • Today’s News
  • About
  • Privacy
  • Contact

2022 Tech News Day

No Result
View All Result
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News

2022 Tech News Day

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00