Director Gets 30 Months For Using Netflix Funds on Crypto
The director diverted an $11 million Netflix payment into luxury spending and risky trades, and a judge ordered him to repay nearly the full amount.
- Filmmaker Carl Rinsch received a 30-month prison sentence on Monday for wire fraud involving an $11 million scheme against Netflix's abandoned science fiction project 'White Horse,' with full restitution ordered.
- Prosecutors said Rinsch diverted funds from the $44 million Netflix paid for development between 2018 and 2019. Instead of completing the series, he spent money on five Rolls-Royces, a Ferrari, and over $652,000 in luxury watches and designer clothing.
- Actor Keanu Reeves, who starred in Rinsch's 2013 film '47 Ronin,' urged the court to balance justice with compassion in a sentencing letter. Prosecutor David Markewitz argued Rinsch acted out of 'naked greed,' seeking a five-year sentence.
- District Judge Jed Rakoff acknowledged mental health difficulties but ruled they did not excuse the fraud, stating struggles 'may explain some of the excesses' but not the deliberate deception. Defence lawyer Daniel McGuinness confirmed Rinsch intends to appeal.
- Rinsch is scheduled to report to prison in September, closing a chapter on one of Hollywood's most costly unfinished productions. Netflix declined to comment, leaving the streaming giant with no completed project after years of development and tens of millions spent.
15 Articles
15 Articles
Director Carl Rinsch Gets 2.5 years for Defrauding Netflix of £9.2M, Luxury First Over 'White Horse' Film
A Hollywood director once entrusted with tens of millions of dollars to create Netflix's next science fiction hit will instead spend the next two and a half years behind bars. Carl Rinsch was sentenced after a federal court found he diverted millions intended for an unfinished series into luxury purchases, failed investments and personal indulgence. Rinsch, 48, received a 30-month prison sentence on Monday after being convicted in December of wi…
New York. Hollywood screenwriter and director Carl Rinsch was sentenced to two and a half years in prison after being found guilty of swindling Netflix for $11 million for a science fiction series that was never over. His supporters, including KeanuReeves, had asked the court to show him clemency.
'Money Laundering And Lies': Hollywood Director Gets 30 Months In Prison For Defrauding Netflix Out Of $11 Million
Director Carl Rinsch with cast of 47 Ronin A judge has sentenced Hollywood director and writer Carl Rinsch to 30 months in prison for defrauding Netflix out of $11 million. Rinsch was supposed to use the money for a never-finished science fiction series called White Horse or Conquest. A jury convicted the 48-year-old, best known for the film 47 Ronin, in December of federal fraud and money laundering for misusing the funds. On Monday, he was fac…
The series ‘Conquest’ promised to be a phenomenon in Netflix, but ended in a judicial scandal that no one saw coming. Do you know why a $44 million science fiction production never premiered? Here we tell you where it was filmed, why it was canceled and what role director Carl Rinsch played in this million-dollar trial that shook Hollywood. Where it was filmed and how much it cost to produce 'conquest' Locations and Initial Ambition The series, …
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