Prosecutors said the “47 Ronin” director diverted production funds into stock options, crypto and luxury purchases from money meant to finish a series widely reported to be for Netflix.
“47 Ronin” director Carl Rinsch was sentenced to 30 months in prison after stealing $11 million that had been intended to complete a sci-fi show for a streaming company widely reported to be Netflix. Prosecutors said the diverted funds were put into stock options, crypto and luxury spending, turning production financing into personal speculative trades and purchases instead of finishing the project.