'47 Ronin' Director Sentenced to 30 Months for Using Netflix's $11M on Dogecoin Bets

Director Carl Rinsch was sentenced to 30 months in prison for defrauding Netflix of $11 million, which he gambled on Dogecoin and stock options, then spent the winnings on luxury cars and watches.

• Rinsch took $11 million meant to finish a Netflix sci-fi series and never delivered the show.
• He lost $5.9 million on stock options, then turned $4 million into $27 million on Dogecoin.
• The windfall funded five Rolls-Royces, a Ferrari, and a $388,000 watch.
• He was convicted of wire fraud and money laundering; must repay $11 million in restitution.
• Keanu Reeves, who produced the series, urged leniency in a letter to the court.

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Last updated 1 Jul 2026