Netflix gave a director millions of dollars to create a sci-fi series, but he squandered it on stocks, cryptocurrency, and expensive cars.

Director Carl Erik Rinsch, known for “47 Ronin,” received a $61.2 million production deal from Netflix for the sci-fi series “Conquest.”

However, instead of using the funds for the intended project, Rinsch reportedly diverted $10.5 million to trade stocks, incurring a loss of $5.9 million.

He then turned to the crypto market, where a $4 million investment in Dogecoin yielded nearly $27 million.

Rinsch spent $8.7 million on luxury cars and designer items. Despite Netflix investing over $55 million in the series, no episodes have been delivered.

Netflix has written off the project, and Rinsch, alleging breach of contract, is in arbitration with the streaming giant, claiming damages of at least $14 million.