Video ID: LP96xGOQtF0
YouTube URL: https://www.youtube.com/watch?v=LP96xGOQtF0
Added At: 12-10-26 13:00:39
Processed: No
Sentiment: -
Categories: Ai, Technology
Tags: simon, matthew, discussed, director, ronan
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Transcript
Do you remember a movie starring Keanu Reeves? It was called 47 Ronin. >> Yes, I do. I do. >> That movie of 47 Ronin was directed by a guy named Carl Erik Rinsch. >> Okay. >> And based on the success of that and probably other things he did, he was able to get a a deal for a science fiction TV show on Netflix. Netflix has a lot of money and they're willing to kind of underwrite these shows. And a science fiction show ain't cheap, Matt Cox. >> Yeah. >> Right? And so Netflix put $44 million into this Rinsch show. And Carl goes back and says, "Hey, I need another $11 million to get this thing done." And Netflix wires in the money. And with one expectation. Oh, this show is called White Horse. >> White Horse. >> You must use this money to finish White Horse. Right? Okay. And we we're in this thing for $55 million. That's a lot for a TV show. What Carl did, instead of putting the money into the show, he he starts moving the money through bank accounts and his personal brokerage account. He then begins making some some very highly speculative stock options bets using Netflix money that he's supposed to use for the TV show. And he loses half of this $11 million. He lost the money in 2 months. It's just gone. But he still has 5.5 million bucks. Maybe you can slice and cut some things here, cut some things there. Not him. He decides to move the money into cryptocurrency. He takes $1.7 million of the remaining money to pay off his credit card bills. He spends $3.3 million in furniture, antiques, and mattresses. This is Netflix's money, not his. $387,000 on a Swiss watch and $2.4 million for five Rolls-Royces and a red Ferrari. >> This guy's not good with money. >> He's not good with money. Eventually, Netflix figures out like, you know, why what happened to the money and calls in the FBI. It takes it to trial. The jury convicts him of wire fraud. And at his sentencing, and this is significant, Keanu Reeves is among the people who write the judge and ask for leniency. >> Carl's not a bad guy. >> Did you see your Ronin? >> 47 Ronin, it was great. Not my best work, but So, Keanu Reeves says, "Give Carl a break." And the judge needs to take that into account cuz he's a national treasure. >> He is. Uh He was either Bill or Ted in Bill & Ted's Excellent Adventure. >> He's sticking up for Carl. >> Yeah. >> Yeah, he probably hung out with Carl. Probably liked Carl. >> So, Carl's in for 11 million, rips off Netflix. >> I would say four four years. >> 48 months in prison? >> Yeah. >> Did you forget the part where Keanu Reeves said, "Give him a break"? >> I did. I did, and that is very impressive. I would would knock a month off for it. >> So, you're going 48 months? >> Yeah. >> Final answer? >> Yeah. >> You sure? >> Yeah. >> All right. Correct answer, Matt Cox. 30 months in federal prison. And >> That is written. >> Ridiculous.