PANews丨APP全面升级|6月 30, 2026 11:53
Director of *47 Ronin* embezzled $11 million in Netflix production funds to trade stocks and buy crypto, sentenced to 30 months in prison
Director Carl Rinsch falsely claimed additional funds were needed to complete the sci-fi series *White Horse*, transferring $11 million into his personal account. Within two months, he lost over half trading stocks, with the remaining funds spent on cryptocurrency, $3.3 million worth of furniture and antiques, multiple Rolls-Royces and Ferraris, and luxury watches.
The U.S. Department of Justice sentenced him to 30 months in prison, confiscated the entire $11 million, and imposed three years of supervision.
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