Hollywood Director Charged with $11M Netflix Fraud Scheme

Carl Rinsch allegedly misused funds intended for a sci-fi series on cryptocurrency, luxury cars, and personal expenses.

Carl Rinsch, known for directing '47 Ronin,' was arrested on charges of wire fraud and money laundering in West Hollywood, California.
Prosecutors claim Rinsch diverted $11 million from Netflix into personal brokerage accounts, losing half in securities trading but profiting from cryptocurrency investments.
He allegedly spent $10 million on luxury items, including Rolls-Royces, a Ferrari, furniture, and high-end watches, as well as legal fees and credit card bills.
Netflix had initially paid $44 million for Rinsch's sci-fi series 'White Horse,' later renamed 'Conquest,' which was never completed.
If convicted, Rinsch faces up to 20 years in prison, with Netflix already awarded $8.8 million in damages through arbitration in 2024.