Netflix BRIBERY & MONEY LAUNDERING – the real thing!!!
04/05/2021
Netflix is at the centre of a BRIBERY & WIRE-MAIL FRAUD AND MONEY LAUNDERING STORY, and no, it's not a new show; it's at Netflix.
ON Friday, April 30, 2021, a federal jury convicted Michael Kail, the former Vice President of IT Operations at Netflix, of:
- Nineteen counts of WIRE FRAUD,
- Three counts of MAIL FRAUD, and
- Seven counts of MONEY LAUNDERING,
As Netflix's Vice President of IT Operations, Kail approved the contracts to purchase IT products and services from smaller outside vendor companies and authorized their payments. Kail accepted bribes in kickbacks from nine tech companies providing products or services to Netflix.
In exchange, Kail approved millions of dollars in contracts for goods and services for Netflix, in which he would retain up to 15% for himself.
Kail ultimately received over $500,000 and stock options from these outside companies.
He used his kickback payments to pay personal expenses and buy a home in Los Gatos, California, in the name of a family trust.
Netflix had sued Kail in 2014 over the alleged kickback scheme, claiming he hid the payments by having them paid to his consulting company Unix Mercenary LLC.
Kail faces a maximum sentence of twenty years in prison and a fine of $250,000, or twice his gross gain or twice the gross loss to Netflix, whichever is greater, for each count of a wire or mail fraud conviction, and ten years in prison and a fine of $250,000 for each count of a money laundering conviction
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.