Netflix is accusing Conquest director Carl Erik Rinsch of spending $4 million of the series’ budget on the purchase of Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE).

According to The New York Times, Netflix’s budget money, which was spent by director Carl Erik Rinsch, famous for the film 47 Ronin, was intended to finance the science fiction series Conquest, but was instead used to make investments in cryptocurrency.

뉴욕타임스에 따르면 영화 47 로닌으로 유명한 칼 에릭 린시 감독이 쓴 넷플릭스의 예산은 공상과학 시리즈 콘퀘스트의 자금 조달을 위해 쓰였으나 대신 암호화폐 투자에 사용됐다.

As per the New York Times report, Netflix allocated roughly $55 million for the creation of the new series. At first, however, the company only gave the project team $44.3 million. Later, Rinsch insisted the streaming giant allocate an additional $11 million, which he claimed was needed for props.

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The director then decided to spend the additional $11 million issued by the company on investments, according to the New York Times report. Of the additional budget, he allegedly spent $10.5 million for shares in unknown entities, incurring at least $6 million in losses. Next, the director switched to investing in cryptocurrency, with only about $4 million remaining from the additional $11 million extra budget. He reportedly decided to invest the rest in DOGE through the Kraken crypto exchange, liquidating his position in May 2021, netting him $23 million in profits, per the New York Times.

New York Times 보고서에 따르면 이사는 회사가 추가로 발행한 1,100만 달러를 투자에 사용하기로 결정했습니다. 추가 예산 중 그는 알려지지 않은 기업의 주식에 1,050만 달러를 지출하여 최소 600만 달러의 손실을 입은 것으로 알려졌습니다. 다음으로 감독은 추가예산 1,100만 달러 중 약 400만 달러만 남은 상태에서 암호화폐 투자로 전환했다. New York Times에 따르면 그는 나머지 금액을 Kraken 암호화폐 거래소를 통해 DOGE에 투자하기로 결정하고 2021년 5월에 자신의 포지션을 청산하여 2,300만 달러의 수익을 올렸다고 합니다.

According to a forensic accountant hired by the director’s ex-wife for an unrelated divorce proceeding, Rinsch spent almost $9 million of his earnings on luxury furniture, designer clothes, watches worth more than $380,000, five Rolls-Royce cars, and a Ferrari.

Rinsch claims that all purchases were made as props for Conquest.

Rinsch는 모든 구매가 Conquest의 소품으로 이루어졌다고 주장합니다.

As of the time of writing, legal proceedings are ongoing between the director and Netflix.

Read more: Dogecoin’s dog statue to be installed in Japan at beginning of November

더 읽어보기: 11월 초 일본에 Dogecoin의 개 동상이 설치될 예정