Hollywood director Carl Erik Rinsch faces conviction in a federal court for his involvement in a massive Netflix ( NASDAQ: NFLX) fraud scheme. Prosecutors confirmed that Rinsch misused $11 million from Netflix, diverting it into personal investments, including Dogecoin and stock options. The Carl Erik Rinsch Netflix fraud case now sets a new precedent in creative contract breaches with serious criminal consequences. Authorities outlined how the director secured an initial $44 million deal with Netflix for a sci-fi series called White Horse. However, Netflix later provided an additional $11 million after Rinsch claimed more funding was necessary to complete the project. Within days, he redirected the funds through several personal accounts, violating the intended production use. Federal prosecutors charged him with wire fraud, money laundering, and unlawful monetary transactions, each carrying heavy sentences. The Carl Erik Rinsch Netflix fraud case includes one count of wire fraud and ...

21Shares has made a crucial amendment to its filing for the Dogecoin ETF with the U.S. Securities and Exchange Commission (SEC). This fifth revision provides additional details, including the confirmation of a management fee structure. Set at 0.50%, the fee will accrue on a daily basis and be payable in Dogecoin on a weekly schedule. This update also addresses the ETF’s custodianship, management, and additional procedures for the ETF's future listing. As disclosed in the filing , the 21Shares Dogecoin ETF will carry a 0.50% management fee, expected to be paid out in weekly Dogecoin installments. While the issuer did not announce any potential fee waivers, it is expected that this may be revealed closer to the official ETF launch. The revised filing also included details about the roles of various partners involved in managing the ETF. The Bank of New York Mellon will serve as the administrator, cash custodian, and transfer agent. While Anchorage Digital Bank and BitGo will be custo...