Search
Want an SUV with Easy Access and Comfort for Seniors? Here’s How to Get It!

want an suv with easy access and comfort for seniors? here’s how to get it!...

March 19, 2025

12:08 pm

Drive into the Future with the 2025 Subaru Forester

drive into the future with the 2025 subaru forester...

March 19, 2025

12:24 pm

By Logan Brooks

Hollywood director arrested for swindling Netflix out of $11 million for a sci-fi show that never aired

March 19, 2025

12:28

Hollywood director arrested for swindling Netflix out of $11 million for a sci-fi show that never aired

A Hollywood writer-director was arrested Tuesday on charges of defrauding Netflix out of $11 million for a sci-fi show that never aired, instead funneling the money into cryptocurrency investments and a series of lavish personal purchases, including a fleet of Rolls-Royces and a Ferrari.

Carl Erik Rinsch faces fraud and money laundering charges

Carl Erik Rinsch, best known for directing “47 Ronin,” has been charged with wire fraud and money laundering over what federal prosecutors describe as a scheme to defraud the streaming giant.

Prosecutors said Netflix initially paid $44 million to acquire an unfinished show titled “White Horse” from Rinsch but later granted him another $11 million after he claimed he needed additional funding to complete production.

Explore The 2025 Jeep Compas: Adventure Awaits!

explore the 2025 jeep compas: adventure awaits!...

March 19, 2025

12:07 pm

Explore Surprisingly Affordable Luxury RAM 1500

explore surprisingly affordable luxury ram 1500...

March 19, 2025

12:02 pm

Need a new Car? Rent To Own Cars No Credit Check

need a new car? rent to own cars no credit check ...

March 19, 2025

12:03 pm

2025 Jeep Wrangler Price One Might Not Want to Miss!

2025 jeep wrangler price one might not want to miss!...

March 19, 2025

12:18 pm

Rather than using the money to wrap up the project, Rinsch allegedly transferred the funds to a personal brokerage account, where he made a series of failed investments, losing nearly half the money within two months, according to prosecutors.

Rinsch spent millions on luxury items

The director then poured the remaining money into cryptocurrency, which proved to be profitable. Prosecutors allege that Rinsch later transferred his earnings into a personal bank account, using it for extravagant personal expenses.

According to the indictment, Rinsch spent approximately:

Celebrate the Holidays in a New Hyundai Palisade

celebrate the holidays in a new hyundai palisade...

March 19, 2025

12:10 pm

Want an SUV with Easy Access and Comfort for Seniors? Here’s How to Get It!

want an suv with easy access and comfort for seniors? here’s how to get it!...

March 19, 2025

12:14 pm

Drive into the Future with the 2025 Subaru Forester

drive into the future with the 2025 subaru forester...

March 19, 2025

12:05 pm

Explore The 2025 Jeep Compas: Adventure Awaits!

explore the 2025 jeep compas: adventure awaits!...

March 19, 2025

12:13 pm

  • $1.8 million on credit card bills
  • $1 million on lawyers to sue Netflix for more money
  • $3.8 million on furniture and antiques
  • $2.4 million on five Rolls-Royces and one Ferrari
  • $652,000 on watches and clothing

Rinsch appears in court, released on bond

Rinsch, 47, was arrested in West Hollywood, California, and appeared in a Los Angeles federal courtroom on Tuesday, wearing a turtleneck sweater and jeans, with shackles on his arms and legs. He did not enter a plea and spoke only to answer a judge’s questions.

When asked if he had read the indictment, he replied, “not cover to cover” but stated he understood the charges.

US Magistrate Judge Pedro V. Castillo ordered his release later that day after Rinsch agreed to post a $100,000 bond to ensure his appearance in New York, where the indictment was filed.

Explore Surprisingly Affordable Luxury RAM 1500

explore surprisingly affordable luxury ram 1500...

March 19, 2025

12:17 pm

Need a new Car? Rent To Own Cars No Credit Check

need a new car? rent to own cars no credit check ...

March 19, 2025

12:17 pm

2025 Jeep Wrangler Price One Might Not Want to Miss!

2025 jeep wrangler price one might not want to miss!...

March 19, 2025

12:12 pm

Celebrate the Holidays in a New Hyundai Palisade

celebrate the holidays in a new hyundai palisade...

March 19, 2025

12:13 pm

His attorney, Annie Carney, declined to comment outside court, stating during the hearing that she had not yet reviewed the prosecution’s evidence against her client. “The allegations in this case are purely financial,” she said while discussing the terms of his release.

Netflix declines to comment

Rinsch’s court date in New York has not yet been scheduled. Netflix declined to comment on the case.

This article Hollywood director arrested for swindling Netflix out of $11 million for a sci-fi show that never aired appeared first on BreezyScroll.

Read more on BreezyScroll.