Hollywood director Carl Lynch is sued for misappropriating $11 million from Netflix to invest in cryptocurrency

Carl Rinsch, the director who previously directed Keanu Reeves in the 2013 film "47 Ronin," has been convicted of telecommunications fraud and money laundering. Prosecutors accused Rinsch of misappropriating $11 million received from Netflix and using part of the funds to purchase cryptocurrency.

An earlier report stated that Carl Rinsch invested $4 million of that amount in Dogecoin, ultimately profiting to $27 million, but then squandered most of the profits on luxury goods. Rinsch faces a maximum sentence of 90 years and will be formally sentenced on April 17, 2026.