[Hollywood Director Convicted for Defrauding Netflix Funds to Buy Cryptocurrency]
Carl Rinsch, director of *47 Ronin*, has been found guilty on seven charges, including wire fraud and money laundering, for defrauding $11 million from Netflix. Rinsch diverted production funds for the series *Conquest* into his personal account, using them for cryptocurrency speculation and purchasing luxury items such as a Rolls-Royce. Netflix has canceled the project and written off a $55 million investment. Rinsch faces a maximum sentence of 90 years and will be sentenced on April 17, 2026.