SAN JOSE A federal jury convicted Michael Kail, the former Vice President of IT Operations at Netflix, of wire fraud, mail fraud, and money laundering, announced Acting United States Attorney Stephanie M. Hinds, IRS-Criminal Investigation Acting Special Agent in Charge Michael Daniels, and Federal Bureau of Investigation Craig D. Fair. The verdict follows a two-week and a half week trial before the Honorable Beth L. Freeman, U.S. District Judge.
Kail was indicted May 1, 2018, of nineteen counts of wire fraud, three counts of mail fraud, and seven counts of money laundering, in violation of 18 U.S.C. §§ 1341 (mail fraud), 1343 (wire fraud), 1346 (honest services fraud), and 1957 (money laundering). The indictment also sought forfeiture of Kail s Los Gatos residential property. The jury returned a verdict of guilty on 28 of the 29 counts.
Prosecutors urged a California federal jury to find an ex-Netflix executive guilty of accepting bribes from third-party vendors in exchange for lucrative contracts as a criminal trial wrapped Friday, while his counsel argued that his conduct may have been a "little shady" but wasn't illegal.
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Former Netflix Exec Faces Bribery Charges As Trial Kicks Off
Law360 (April 9, 2021, 10:12 PM EDT) Prosecutors accused a former Netflix executive of illegally receiving kickbacks and stock options from startups in exchange for lucrative contracts with the streaming giant during opening arguments in a bribery trial in California federal court Friday, while defense counsel argued the deals were legitimate and a product of Netflix s no rules culture.
During the socially distanced, in-person jury trial, prosecutor Daniel Kaleba told jurors the case is about Michael Kail s cheating and lying, and how he used his power at Netflix to award contracts to young startups that gave him kickbacks in an unethical quid pro quo pay-to-play scheme.
San Francisco Resident Ordered To Return Stolen Cryptocurrency And Cash To Victims Of Multi-Million Dollar Cryptocurrency Fraud Details Written by IVN
San Jose, California - Jerry Ji Guo was sentenced for his role is a scheme to defraud his clients of cash and cryptocurrency in connection with an initial coin offering, announced United States Attorney David L. Anderson and Federal Bureau of Investigation Special Agent in Charge Craig D. Fair. Guo was ordered to pay $4,392,636.14 in restitution, and was sentenced to a term of six months in prison. The sentence was handed down by the Honorable Beth Labson Freeman, U.S. District Judge.