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Kail abused a position of trust and facilitated a scheme that benefited himself. Sometimes picking a good movie thats appropriate for the whole family can be downright tricky. Kail’s greed to enrich himself cost Netflix and its shareholders money and property by agreeing to contracts for goods and services beyond what the company needed or would have paid for,” Mark Pearson, an Internal Revenue Service investigator, said in a statement after the sentencing. Another tech firm paid Kail $5,000 a month, plus stock options, before he approved a $112,500 Netflix contract with the firm, prosecutors said.Īfter leaving Netflix, Kail worked briefly as chief information officer for Yahoo, then started his own software security company, Cybric. In one instance, prosecutors said, Kail signed a personal stock purchase agreement with a tech company, then provided that company with internal information from Netflix about competitors’ prices before approving a $250,000-per-year Netflix contract for the tech company’s products. None of the companies was charged with wrongdoing. Emmy Predictions: Best TV Movie - Amazon Prime Seems to Have a Winning Pair With Sylvies Love and.
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They said he used the money to buy a home in Los Gatos, where Netflix is headquartered, and pay personal expenses. New Movies to Watch This Week: Those Who Wish Me Dead, Spiral, The Woman in the Window. Prosecutors presented evidence that Kail collected more than $500,000 in personal payments, along with valuable stock options, from nine companies in exchange for approving contracts with the firms. District Judge Beth Labson Freeman, who ordered him to report to prison next March.