Ex-Netflix executive gets prison for accepting tech bribes

Prosecutors alleged that Kail accepted more than US$500,000 (RM2.11mil) in kickbacks – as well as valuable stock options – in exchange for approving millions of dollars in contracts for nine tech companies seeking to do business with Netflix between February 2012 and July 2014. — AFP

SAN JOSE, California: A former Netflix executive was sentenced Dec 14 to 2 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant.

Michael Kail, 52, of Los Gatos also was ordered to forfeit US$700,000 (RM2.96mil) and pay a US$50,000 (RM211,650) fine, the US attorney’s office said in a statement.