Filmmaker accused of stealing $11 million from Netflix to trade crypto and shares
The filmmaker faces up to 20 years in prison after being charged with fraud and money laundering for allegedly misusing production funds.
US prosecutors have charged filmmaker Carl Erik Rinsch with fraud and money laundering, alleging he misused $11 million of Netflix’s funds on risky investments instead of producing a sci-fi series.
The US Department of Justice (DOJ) unsealed the indictment on 18 March, stating that Rinsch could face up to 20 years in prison.
Authorities claim Netflix provided the filmmaker with funds in 2020 to finance the production of Conquest, originally titled White Horse. Instead of completing the project, he reportedly used $10.5 million to make speculative trades,…
