Hollywood’s lavish spending culture collided spectacularly with the criminal justice system when director Carl Rinsch was arrested for allegedly siphoning $11 million from streaming giant Netflix for a sci-fi series that never materialized.
Federal prosecutors have charged the 47 Ronin helmsman with wire fraud and money laundering in a scheme that reads like a screenplay itself. According to the 12-page indictment made public Tuesday, the 47-year-old filmmaker could face up to 90 years imprisonment if convicted on all counts, reports Deadline.
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“Carl Rinsch allegedly stole more than $11 million from a prominent streaming platform to finance lavish purchases and personal investments instead of completing a promised television series,” FBI Assistant Director Leslie Backschies declared as the charges became public.
The saga began when Netflix, referred to in court documents as “Streaming Company-1,” originally invested $44 million in Rinsch’s project between 2018 and 2019. Initially
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