Carl Erik Rinsch, director of the film 47 Ronin starring Keanu Reeves, has been charged with defrauding Netflix to buy cryptocurrencies and stocks.

Rinsch, a Hollywood director and screenwriter, was arrested and indicted on fraud charges tied to an $11 million agreement with Netflix for a science fiction TV series called “White Horse.”

According to the seven-count unsealed indictment, Rinsch secured a $44 million investment package in 2018 to fund the show’s production. Between 2019 and 2020, he obtained an additional $11 million in funding, which was transferred to a company wholly controlled by him.

Rather than using the funds for White Horse, Rinsch allegedly moved the $11 million through a network of…