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Director Carl Rinsch Found Guilty of Fraudulently Using $11M from Netflix

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Director Carl Rinsch was found guilty of seven counts, including wire fraud and money laundering, for misusing $11 million from Netflix. Funds were reportedly used for altcoins to watch and luxury spending like high-end cars and designer goods. Netflix canceled his series *Conquest* in 2021. Rinsch faces up to 90 years in prison. The case may influence the fear and greed index as crypto markets react to high-profile legal actions.
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