'47 Ronin' Director Found Guilty of Wire Fraud and Money Laundering

Conviction Details: Carl Erik Rinsch, director of "47 Ronin," was convicted of wire fraud and money laundering for misappropriating Netflix funds intended for a science-fiction series, facing up to 20 years in prison for each count.

Misuse of Funds: Rinsch diverted Netflix's additional funds into personal accounts, using them for speculative trades, including Dogecoin, and luxury purchases, ultimately losing over half of the money within two months.

Legal Implications: The case raises concerns about potential precedents for federal fraud charges arising from contractual disputes between artists and their financial backers, as argued by Rinsch's attorney.

Sentencing Schedule: Rinsch's sentencing is set for April 17, 2026, after being found guilty of multiple counts related to financial misconduct.