Netflix Director’s Wild Dogecoin Gamble Pays off Big-Time

• Director Carl Erik Rinsch spent $4 million from a Netflix series budget to trade on DOGE.
• After losing a lot of money to speculative trading, the director made millions in profit from the meme coin.
• Rinsch is now filing a confidential arbitration action against Netflix for $14 million.

The director of the Netflix science fiction series “Conquest,” Carl Erik Rinsch, reportedly spent $4 million of the show’s budget on Dogecoin (DOGE) and achieved a substantial gain through this endeavor. This was after the 46-year-old director secured a $61.2 million production contract from the streaming company.

According to a report published by The New York Times yesterday, Netflix had spent $44.3 million on Rinsch’s show by March 2020. The director, however, later informed the company that he required more money or else production would be halted. Netflix then approved the request and awarded Rinsch another $11 million.

It would later be revealed that none of the money received was used to produce the series. Court records and financial data from Rinsch’s divorce show that he instead used $10.5 million from the 2020 funding round from Netflix to engage in spec…

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