'47 Ronin' director accused of using $11 million from Netflix to buy cryptocurrencies

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According to a report by Decrypt, Carl Rinsch, the director of the film '47 Ronin', has been arrested for allegedly misappropriating $11 million in funds from Netflix. He has been charged with wire fraud and money laundering. The prosecution alleges that Rinsch applied for additional funding from Netflix in 2020 on the pretext of completing the sci-fi series 'White Horse', but instead diverted the money into his personal account for investment trading. According to the indictment, Rinsch had lost more than half of the funds by the end of April 2020 through highly speculative options and cryptocurrency trading. If convicted on all charges, Rinsch could face up to 90 years in prison.

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