Hollywood Director David Lynch Sued for Misappropriating $11 Million Crypto Investment from Netflix

By: theblockbeats.news|2025/12/12 11:16:01

BlockBeats News, December 12th: Director Carl Rinsch, who previously directed the 2013 movie "47 Ronin" starring Keanu Reeves, has been convicted of telecommunications fraud and money laundering. Prosecutors accused Rinsch of embezzling $11 million received from Netflix and using some of the funds to purchase cryptocurrency. A previous report claimed that Carl Rinsch used $4 million of the funds to invest in Dogecoin, eventually profiting $27 million, but later squandered most of the profits on luxury goods.

Rinsch faces a maximum sentence of 90 years and will be officially sentenced on April 17, 2026.

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