Carl Erik Rinsch, the director of Netflix's sci-fi series "Conquest," allegedly utilized $4 million from the show's budget to invest in Dogecoin (DOGE), resulting in an astonishing profit of $27 million. As reported by The New York Times, Rinsch is now seeking an additional $14 million from Netflix through a confidential arbitration proceeding.

The article sheds light on the behind-the-scenes turmoil surrounding Rinsch's show, which was allocated a budget of $55 million by Netflix but has yet to release its first episode. After initially receiving a budget of $44 million from Netflix in March 2020, Rinsch requested further funds. Netflix agreed to provide an additional $11 million under the condition that Rinsch completed the series.

이 기사는 Netflix가 5,500만 달러의 예산을 할당했지만 아직 첫 번째 에피소드를 공개하지 않은 Rinsch의 쇼를 둘러싼 비하인드 스토리 혼란을 조명합니다. Rinsch는 2020년 3월 Netflix로부터 처음으로 4,400만 달러의 예산을 받은 후 추가 자금을 요청했습니다. 넷플릭스는 린쉬가 시리즈를 완성한다는 조건으로 추가로 1,100만 달러를 제공하기로 합의했다.

However, financial records obtained by the NY Times reveal that Rinsch used $10.5 million of the additional funds to engage in stock market speculation. Unfortunately, his options bets on pharmaceutical companies and the S&P 500 resulted in losses of nearly $6 million. With a little over $4 million remaining, Rinsch transferred the remaining funds to the cryptocurrency exchange Kraken and placed a full bet on Dogecoin. In May 2021, he reportedly withdrew around $27 million after liquidating his Dogecoin holdings.

Rinsch allegedly spent a substantial portion of his profits, approximately $9 million, on extravagant purchases such as luxury furniture, designer clothing, a watch worth over $380,000, five Rolls-Royces, and a Ferrari. These details emerged from a forensic accountant hired by Rinsch's ex-wife for their divorce proceedings.

Rinsch는 자신의 수익 중 상당 부분인 약 900만 달러를 고급 가구, 디자이너 의류, 380,000달러가 넘는 시계, 롤스로이스 5대, 페라리 한 대 등 사치스러운 구매에 지출한 것으로 알려졌습니다. 이러한 세부 사항은 Rinsch의 전처가 이혼 절차를 위해 고용한 법의학 회계사로부터 나왔습니다.

In response to these developments, Rinsch initiated a confidential arbitration proceeding against Netflix, asserting that the streaming service breached their contract and owes him $14 million in damages. Netflix, on the other hand, denies any obligations and has characterized Rinsch's demands as an attempt to extort money.

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