Hollywood Director Defrauds Netflix of $11 Million, Buys Rolls-Royces
Hollywood director Carl Erik Rinsch was arrested for wire fraud and money laundering after allegedly defrauding Netflix of $11 million intended for his sci-fi show, “White Horse.” Instead of completing the show, Rinsch diverted the funds to cryptocurrency investments and extravagant purchases. These purchases included luxury vehicles, high-end furniture, and legal fees. The indictment alleges that Rinsch lost approximately half of the misappropriated funds in failed investments before profiting from cryptocurrency, subsequently using the remaining proceeds for personal expenses.
John Q. Hosedrinker