I read about the allegation last year. The man, Carl Rinsch who directed the movie 47 Ronin has now been sentenced to 30 months in prison. He later collected more than the money needed for the movie.
Netflix provided an additional $11 million to complete the series. Rinsch transferred about $10.5 million into his personal brokerage account instead of using it for production. He first made risky stock trades and lost roughly half the money. He then invested much of the remaining funds in cryptocurrencies, including Dogecoin (DOGE), which reportedly generated substantial profits during the 2021 crypto rally. Prosecutors said he later spent millions on luxury purchases, including five Rolls-Royces, a Ferrari, expensive furniture, watches, and other personal expenses rather than completing the show.
You can mow about it on this news
https://www.aa.com.tr/en/world/-47-ronin-director-sentenced-to-30-months-for-defrauding-netflix/3982268The quote above was generated by me using ChatGPT.
