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Director Carl Rinsch Pleads Not Guilty to Defrauding Netflix, Spending $11 Million Meant for Sci-Fi Series on Cars and Crypto
Director Carl Rinsch pleaded not guilty to defrauding Netflix. He allegedly spent $11 million meant for a sci-fi series on cryptocurrency and cars.
Carl Rinsch has pleaded not guilty to charges of fraud and money laundering, after the director was accused of taking $11 million from Netflix — meant for a sci-fi series that was never completed — and spending it on cars and cryptocurrency. Rinsch was once an up-and-coming director whose futuristic ads for Heineken, BMW and Mercedes led to a job helming “47 Ronin,” an original samurai film starring Keanu Reeves. Netflix wired an additional $11 million to Rinsch to finish the first season of “Conquest.” Prosecutors allege the director transferred the money into a personal account and later used it to buy cars and luxury goods (among them: a $28,000 sofa and two mattresses totaling $650,300), as well as gamble on cryptocurrency and the stock market.
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