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Fraud Exists People!


What internal control weakness at Netflix allowed its former VP of IT operations to allegedly receive kickbacks from technology firms?

Accounting in the Headlines

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In November 24, 2014, Netflix filed a lawsuit against its former vice president of IT operations, Mike Kail, alleging fraud, breach of fiduciary duties, and other charges.  Here is an excerpt from the lawsuit filing in  Superior Court of the State of California, Santa Clara County:.

“…During his tenure at Netflix, including as Netflix’s Vice President of Information Technology Operations, Kail was a trusted senior-level Netflix employee.  Kail’s job responsibilities at Netflix included negotiating and executing contracts on behalf of Netflix to acquire IT-related products and services…approving invoices for payments that third parties would request related to IT products and services purchased by Netflix….after Kail approved such invoices, Netflix would pay the third parties for these approved invoices. Kail was a trusted, senior-level Netflix employee, with authority to enter into appropriate contracts and approve appropriate invoices.” (See entire legal document at

Netflix is suing Mr…

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