Odaily Planet Daily News Netflix director Carl Erik Rinsch was arrested for fraud after misappropriating the budget for the series to buy and sell stocks and cryptocurrencies. It is reported that Carl Erik Rinsch misappropriated $4 million of the budget for the Netflix series Conquest to bet on DOGE and made a profit of $27 million. Netflix spent $55 million on Conquest but did not launch a single episode. In March 2020, Netflix purchased Rinsch's idea and provided a budget of $44 million. 16 months later, the director requested additional funds, and Netflix agreed to add $11 million after the series was completed. (The Block)