Carl Erik Rinsch Arrested on Fraud Charges Related to Netflix Series
Carl Erik Rinsch, a film director known for the samurai film “47 Ronin,” has recently been arrested and charged with multiple counts of fraud. The charges stem from allegations that he swindled millions from Netflix by failing to deliver a promised television series.
Details of the Arrest
Rinsch, who is 47 years old, was apprehended earlier this week in West Hollywood and subsequently appeared in federal court to answer to the charges of defrauding the well-known streaming platform. The case has been brought to the forefront by the U.S. Department of Justice (DOJ).
Background of the Allegations
In 2018, Netflix collaborated with Rinsch to produce a sci-fi series called “White Horse,” investing approximately $44 million into the project. However, according to the DOJ, the series was only partially completed. To facilitate final production, Netflix agreed to transfer an additional $11 million to a company controlled by Rinsch.
Misuse of Funds
Prosecutors allege that instead of allocating the funds to complete “White Horse,” Rinsch diverted them to support his lifestyle and failed investment ventures. Within days of receiving the payment, he is said to have moved the money into various bank accounts before consolidating it into a brokerage account, where the funds were used to purchase securities and cryptocurrencies, which proved unprofitable.
Lavish Spending and Lifestyle
In a short period following the receipt of the funds, Rinsch allegedly squandered more than half of the $11 million. His expenditures reportedly included:
- Hundreds of thousands of dollars spent on luxury hotel accommodations and vacation rentals
- Over $3.7 million on furniture and antiques
- Nearly $1 million on bedding and linens
- Five Rolls-Royces and a Ferrari, totaling over $2.4 million
- Approximately $650,000 on watches and clothing
Additionally, he reportedly used some of the remaining cash to settle credit card debts and hire attorneys for his divorce, as well as to pursue legal action against Netflix for further compensation.
Legal Consequences Ahead
The funds in question were never returned, and the proposed series was left unfinished. Rinsch has been charged with wire fraud, money laundering, and several other offenses related to the alleged scheme. If convicted, he could face several decades in prison.
Investigation and Official Statements
The case against Rinsch has been investigated by the FBI. Acting U.S. Attorney Matthew Podolsky commented on the matter, stating, “This arrest serves as a strong reminder that the DOJ and the FBI remain vigilant in the fight against fraud and will bring those who cheat and steal to justice.”
About Carl Erik Rinsch
Rinsch gained recognition primarily for directing “47 Ronin,” yet it stands as his only major theatrical release to date, a film that holds a 16% rating on Rotten Tomatoes.
