Hollywood Director Convicted After $11M Netflix Funds Diverted to Crypto Bets
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Hollywood director Carl Erik Rinsch was convicted in Manhattan federal court for defrauding Netflix of $11 million intended for a science fiction television series that never materialized.
A federal jury found the 48-year-old director guilty of multiple counts of wire fraud and money laundering, after prosecutors said he siphoned the funds for personal use, including high-risk stock trades, cryptocurrency investments, luxury cars, watches, and five-star hotel stays in California and Spain.
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Hollywood Director Convicted of $11 Million Netflix Fraud, Spent Cash on Crypto and Rolls-Royces
Samourai Wallet CEO Speaks Out Before Reporting to Prison for Money-Transmission Case
Hollywood Director Convicted After $11M Netflix Funds Diverted to Crypto Bets
Share:
Hollywood director Carl Erik Rinsch was convicted in Manhattan federal court for defrauding Netflix of $11 million intended for a science fiction television series that never materialized.
A federal jury found the 48-year-old director guilty of multiple counts of wire fraud and money laundering, after prosecutors said he siphoned the funds for personal use, including high-risk stock trades, cryptocurrency investments, luxury cars, watches, and five-star hotel stays in California and Spain.
Read More
Hollywood Director Convicted of $11 Million Netflix Fraud, Spent Cash on Crypto and Rolls-Royces