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American director pockets 11M from Netflix
American director Karl Rench was sentenced to 30 months in prison after being convicted of fraud against Netflix and embezzling $11 million of the company's funds allocated for a science fiction series. Instead of investing the money in the project, he engaged in risky betting and cryptocurrencies, and spent large amounts on luxury goods and high-end cars. An order was also issued to confiscate these funds, amid professional pressure and a bitter divorce case he was going through.
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