COINOTAG News reports that director Carl Rinsch, best known for 2013’s 47 Ronin, has been convicted of telecommunications fraud and money laundering. Court filings allege the embezzlement of approx. $11 million from Netflix and a portion of these funds redirected toward cryptocurrency purchases, highlighting risks at the intersection of media financing and digital assets.

According to sources, a prior briefing claimed a segment of the misappropriated funds financed cryptocurrency trading activities, including Dogecoin, with reports of substantial, yet contested, profits and subsequent expenditure on luxury goods. The narrative underscores the importance of robust controls and independent audits in high‑value entertainment budgets with crypto exposure.

Rinsch faces a potential maximum sentence of 90 years, with formal sentencing scheduled for April 17, 2026. The case may influence regulatory expectations on corporate fiduciary duties, asset tracing, and governance frameworks within media houses engaging in digital asset transactions.