Carl Rinsch was sentenced to two and a half years in prison after using money intended for a Netflix production to buy Dogecoin, stocks and luxury goods.
Carl Rinsch was sentenced to two and a half years in prison after using money intended for a Netflix production to buy Dogecoin, stocks and luxury goods.
The case matters to the crypto industry because Dogecoin was among the assets Rinsch purchased with the production funds, placing cryptocurrency alongside stocks and luxury goods in the misuse of Netflix’s money.
Carl Rinsch, the director of “47 Ronin,” will serve 30 months in prison for taking funds intended for a Netflix show and using the money for other purposes.
The case matters to the crypto industry because Dogecoin was among the assets Rinsch purchased with the production funds, placing cryptocurrency alongside stocks and luxury goods in the misuse of Netflix’s money.
Rinsch received a two-and-a-half-year sentence. The funds at the center of the case had been provided for the development of a Netflix production.
Rather than limiting the money to that project, Rinsch used it to buy Dogecoin and stocks, as well as luxury items. The sentence closes the case with a substantial prison term for the director.
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