Overview
- A New York jury found the 49-year-old guilty of fraud on Thursday after roughly a week of testimony.
- Prosecutors said he diverted about $10–11 million meant for production into speculative stock options and cryptocurrency trades including Dogecoin.
- Reporting describes additional outlays from streaming funds on Rolls‑Royce and a Ferrari, large credit‑card bills, watches, designer clothing, and legal fees to sue Netflix.
- Netflix had provided roughly €50.4 million for the sci‑fi series White Horse, which the company says was never delivered and for which it never ordered a second season.
- He was arrested in March on fraud and money‑laundering charges, released on $100,000 bail, and reports say he is set to enter custody in April with sentencing to be handled by Judge Jed Rakoff.