Hollywood scandals are nothing new, but the case against Carl Erik Rinsch is on another level. The director of 47 Ronin has been indicted for allegedly defrauding Netflix out of $11 million for a sci-fi series that was never made.
A Hollywood Scam Unfolds
Rinsch was given millions to develop White Horse (later renamed Conquest), but instead of making the series, he allegedly spent the money on luxury items, cryptocurrency, and legal battles. His lavish spending reportedly included:
$3.8M on furniture and antiques
$2.4M on Rolls-Royces and a Ferrari
$1.7M on credit card bills
$395K at luxury hotels
Legal Trouble Mounts
Federal prosecutors have charged Rinsch with wire fraud, money laundering, and multiple financial crimes, carrying a potential sentence of decades in prison. Netflix, which had already written off $55M in losses, won a $12M arbitration ruling against him in 2024.
A Netflix True Crime in the Making?
The shocking case of Rinsch’s deception—filled with high-stakes deals, extravagant spending, and courtroom drama—could easily be the subject of its own Netflix documentary. Whether justice will be served remains to be seen.
Visit Dan Lalonde Films For All Technology And Entertainment News
Source: Deadline
Photo Credit: Universal/Getty
Comments