'47 Ronin' Director Gets 30 Months for Spending Netflix's $11M on Dogecoin

Bearish-15.76%

30 Jun, 09:20

Source: Decrypt

AI Summary

Former Netflix director Carl Rinsch sentenced to 30 months for misappropriating $11M to gamble on Dogecoin and stock options, highlighting corporate fraud risks in crypto speculation.

Carl Rinsch gambled Netflix's $11 million on stock options and Dogecoin, then spent the winnings on luxury cars and watches.