A filmmaker faces charges after supposedly Use the money for a project backed by NetflixAccording to a statement of the United States Prosecutor’s Office on March 18.
The authorities say Carl Erik Rinsch He received millions to develop a science fiction series, but instead used a large part of the high -risk trade funds and expensive purchases.
Rinsch what Arrested on March 18 and faced multiple positionsincluding bank fraud, money laundering and illegal financial transactions.
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Federal prosecutors claim that Netflix sent Rinsch $ 11 million in March 2020 to cover costs such as graphic script, the actors they pay and the editing of the series of the series, originally called White horse And then renamed Conquest.
However, instead of financing production, according to reports moved around $ 10.5 million to a brokerage account. He made risky investments, including bets in a biopharmaceutical stock, which led to losses of more than $ 5.5 million.
Rinsch continued to assure Netflix that the series was progressing well, prosecutors said. His commercial luck changed in February 2021 when he won several million dollars in cryptocurrencies. Instead of reinvesting in the program, the authorities say Spent almost $ 3.8 million in furniture, high -end watches, antiques, designer clothes and luxury cars.
Judicial records indicate Rinsch too He used around $ 1.8 million to pay credit card bills and spent $ 1 million in legal fees. According to reports, part of that money was destined to sue Netflix for additional payments, while the rest covered the costs related to divorce.
Rinsch I could receive a maximum prison sentence of 20 years For fraud and money laundering, with additional sanctions for financial transaction charges.
Meanwhile, the Federal Research Office (FBI) recently offered a $ 10 million reward to obtain information that leads to the wedding of former Olympic Ryan. What is accused of? Read the full story.
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