😱😮Netflix invested the budget of its series in Dogecoin and made millions of dollars in profit
It turned out that Carl Erik Rinsch, the director of the sci-fi series Conquest, which is planned to be released on Netflix, invested $ 4 million from the budget of the series given to him on Dogecoin. Moreover, Rinsch, as a result, reached a staggering profit of $ 27 million.
According to the New York Times, Rinsch received a budget of $44 million from Netflix in March 2020. Later, the director, who said that the budget was insufficient, requested more funds. Netflix provided Rinsch with an additional $ 11 million on the condition that he complete the series. The director transferred $ 10.5 million of this money to Charles' personal bank account at Scwab. At the first stage, he opened risky transactions on the stock exchange with option contracts. This included trades that the S&P 500 index, which has already fallen by 30 percent, will fall even further. Rinsch lost $5.9 million in a few weeks.
He invested the remaining money in Dogecoin, earned $ 27 million
The director transferred the remaining money to Kraken, a cryptocurrency exchange, and bought Dogecoin from here. Unlike stock market investments, cryptocurrency investments have paid off. When Dogecoin divested its assets in May 2021, it had reached a balance of approximately $27 million.
Carl Erik Rinsch
The director, who made a big profit from Dogecoin, then spent like crazy. He bought five Rolls-Royces, a Ferrari, about 390 thousand dollars worth of Vecheron Constantin brand watches and millions of dollars of luxury furniture and clothes. Its total expenditure stood at up to $9 million. Rinsch argued that the cars and furniture will be used for the Conquest series filming, the fees for which are paid with Netflix's production money.
Rinsch is currently in litigation with Netflix. The director claims that Netflix owes him more than $ 14 million.
