Hollywood Director Carl Rinsch Found Guilty of Misappropriating $11M in Netflix Funds for Cryptocurrency Investments

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 13 2025

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Carl Rinsch's Fraud Case: Hollywood director Carl Rinsch was convicted of defrauding Netflix by diverting $11 million intended for a science fiction series into personal luxury spending and cryptocurrency investments, leading to significant financial losses.
Misuse of Funds: Instead of using the funds for the production of the series "Conquest," Rinsch moved the money through multiple accounts and lost over half of it within two months, spending on luxury items and high-risk investments.
Conviction and Sentencing: Rinsch faces multiple charges, including wire fraud and money laundering, with a potential total prison sentence of up to 90 years; sentencing is scheduled for April 2026.
Impact on Netflix: Netflix canceled the series "Conquest" in 2021 after Rinsch failed to meet production targets, resulting in a loss of $55 million for the company, with no funds recovered.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0457	0.0629	0.0817	0.0988	0.118	0.135	0.153
Fibonacci	0.0629	0.0766	0.0851	0.0988	0.113	0.121	0.135

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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