Carl Rinsch, director of “47 Ronin,” was sentenced to 2 1/2 years in prison for defrauding Netflix of $11 million meant for an unfinished sci-fi series. Prosecutors said he spent the money on investments, cryptocurrency and luxury goods instead of production.
Posts tagged as “Commodities Fraud”
Abdikerm Abdelahi Eidleh, accused of being a leading figure in the $250 million Feeding Our Future fraud case, was arrested in Mogadishu after more than four years as a fugitive. U.S. officials said the FBI worked with Somali intelligence agencies to take him into custody.
A federal appeals court rejected Sam Bankman-Fried’s effort to overturn his conviction and 25-year sentence over the collapse of FTX. The panel said prosecutors’ evidence was “robust” and upheld the case against the former crypto billionaire.
Google engineer Michele Spagnuolo is charged with insider trading after allegedly using confidential search data to win over $1.2 million betting on Polymarket. This is the second major insider trading case linked to the prediction market platform.