Netflix paid $55 million for a show. Prosecutors say the creator blew it on Rolls Royces and crypto. - MarketWatch
1. Netflix invested $55 million in a failed sci-fi series by Rinsch. 2. Rinsch allegedly misused funds for personal luxuries and speculative investments. 3. No episodes were delivered; the case highlights industry spending frenzies. 4. Rinsch faced criminal charges for wire fraud and money laundering. 5. Netflix's failure to secure shows could impact future content strategies.