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Former Netflix VP convicted of fraud and money laundering
LOS GATOS, CA - JULY 20: A sign is posted in front of the Netflix headquarters on July 20, 2011 in Los Gatos, California. Online movie rental company Netflix will report quarterly earnings on Thursday following a recent customer backlash over a 60 pe SAN JOSE, Calif. - A federal jury found a former Netflix executive guilty Friday of receiving lucrative stock options and more than a half-million dollars in bribes and kickbacks from tech companies to approve contracts with the streaming giant.Michael Kail, 49, is a former Netflix vice president who oversaw the company’s internet technology department."We are very disappointed in the jury’s verdict," defense attorney Julia Jayne said.