US EditionDirector convicted of scamming $11M from Netflix and going on lavish spending spree
Carl Rinsch was found guilty of wire fraud and money laundering after diverting $11 million meant for Netflix's sci-fi series to luxury cars, crypto trading, and lavish personal expenses.
- A New York jury found Carl Rinsch guilty of scamming Netflix out of over $11 million for a never finished sci-fi series.
- Rinsch faces up to 90 years in prison for wire fraud and other charges, though he will likely receive a lesser sentence.
- Prosecutors stated Rinsch fraudulently obtained the money from Netflix and spent it on luxury purchases like cars, mattresses, and clothes instead of the show.
148 Articles
148 Articles
Hollywood director received $11 million to finish a Netflix show - he spent it on crypto, a Ferrari, and five Rolls-Royces
Rinsch, best known for directing the 2013 film 47 Ronin, was entrusted by Netflix in 2018 to produce a sci-fi series titled Conquest, originally titled White Horse. Over the course of two years, Netflix funneled $44 million into Rinsch's production company to develop the show.Read Entire Article
Film director Carl Rinsch found guilty by jury, could face decades in prison
Director convicted of scamming $16.5m from Netflix and going on lavish spending spree
A Hollywood director was convicted Thursday on charges that he scammed Netflix out of $16.5 million ($USD 11 million) for a show that never materialised, while he instead used the cash for lavish purchases.The purchases included several Rolls-Royces, a Ferrari and about $1.5 million ($USD 1 million) in mattresses and luxury bedding.Carl Erik Rinsch, best known for directing the film "47 Ronin," was convicted of wire fraud, money laundering and o…
He used the money to buy cars and... expensive mattresses and bedspreads.
A science fiction series should have shot Carl Rinsch for Netflix, but he preferred to invest the money for it, says the prosecutor's office – a jury now agreed. US director Carl Rinsch has been convicted of a million-dollar fraud at Netflix streaming provider.A jury at a court in New York considered it proven that the 48-year-old had received the eleven million dollars he had received from Netflix between 2018 and 2020 for producing a science f…
Director convicted of defrauding Netflix of $11 million
Carl Rinsch, the director behind the 2013 film “47 Ronin,” faces up to 90 years in prison after a jury found him guilty of defrauding Netflix out of $11 million intended for a television series production.A jury unanimously convicted Rinsch on seven counts, including fraud, money laundering and illegal money transmission. Prosecutors said Rinsch diverted the production funds into speculative stock trading and cryptocurrency rather than completin…
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