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Hollywood director Carl Erik Rinsch has been found guilty of using an $11 million business investment from Netflix to speculate on cryptocurrency and fund lavish personal expenses

Rinsch spent at least $3.3 million on furniture, antiques, and mattresses, alongside other purchases, the United States Attorney’s Office Southern District of New York said on Thursday, Dec. 11

The director was convicted of financial crimes including one count of wire fraud and one count of money laundering, which both carry maximum sentences of 20 years

Hollywood director Carl Erik Rinsch has been found guilty of using an $11 million business investment from Netflix to fund his lavish personal spending.

On Thursday, Dec. 11, the United States Attorney’s Office Southern District of New York anno

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