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Carl Rinsch, the director of the doomed sci-fi film “47 Ronin,” has re-emerged not with a new movie, but with a dizzying $4 million COVID-era Netflix deal that he allegedly funneled into a bizarre stock market spree—buying and dumping shares of companies like Zoom and Peloton—before the streaming giant even saw a minute of footage. Skeptics are left asking: Who really benefits when a studio hands a convicted bankrupt a blank check during a global pandemic?

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Carl Rinsch, the director of the doomed sci-fi film “47 Ronin,” has re-emerged not with a new movie, but with a dizzying $4 million COVID-era Netflix deal that he allegedly funneled into a bizarre stock market spree—buying and dumping shares of companies like Zoom and Peloton—before the streaming giant even saw a minute of footage. Skeptics are left asking: Who really benefits when a studio hands a convicted bankrupt a blank check during a global pandemic?