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Director Accused of Defrauding Netflix of $11 Million

3/20/2025

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Summary

Story summary

Hollywood director Carl Erik Rinsch, 47, stands accused of swindling Netflix out of $11 million meant for his sci-fi series "White Horse." Instead of delivering the project, he allegedly squandered the money on lavish purchases, cryptocurrency, and legal expenses. If found guilty of wire fraud and money laundering, he could face decades behind bars.

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Story summary

Hollywood director Carl Erik Rinsch, 47, stands accused of swindling Netflix out of $11 million meant for his sci-fi series "White Horse." Instead of delivering the project, he allegedly squandered the money on lavish purchases, cryptocurrency, and legal expenses. If found guilty of wire fraud and money laundering, he could face decades behind bars.