Hollywood Director Carl Rinsch Indicted for Embezzling $11 Million From Netflix

Rinsch allegedly misused funds intended for a sci-fi series, spending them on luxury purchases and speculative investments.

Carl Rinsch, known for directing '47 Ronin,' faces charges of wire fraud and money laundering for allegedly embezzling $11 million from Netflix.
The funds were intended to complete a science-fiction series titled 'White Horse,' later renamed 'Conquest,' which was never finished or aired.
Rinsch allegedly used the money for personal expenses, including luxury cars, cryptocurrency, high-end furniture, and legal fees.
More than half of the embezzled funds were reportedly lost in speculative stock market investments within two months.
Rinsch was arrested in West Hollywood, released on a $100,000 bond, and awaits further legal proceedings in New York.