American director and screenwriter Carl Rinsch has been sentenced to two and a half years in New York following a conviction for defrauding Netflix. The ruling determined that Rinsch was responsible for misappropriating an amount totaling $11 million, which is equivalent to approximately 9.5 million euros. Rinsch, known for his 2013 film “47 Ronin,” was found guilty in October on charges of federal fraud involving electronic funds and related offenses.
According to the prosecution, the core of the scheme involved Rinsch requesting an additional $11 million from Netflix to complete the fantasy-sci-fi series, “White Horse.” However, rather than depositing the funds into the designated production account, prosecutors alleged that Rinsch directed the money into his personal account. Testimony from prosecutors and witnesses during the trial indicated that the misappropriated funds were subsequently lost through various means. Specifically, it was alleged that Rinsch incurred losses through failed investments within a short timeframe.
He then reportedly invested the remaining balance in the cryptocurrency market before ultimately transferring the funds. The conviction marks a significant legal finding regarding the management of production finances. The sentencing confirms the substantial nature of the financial discrepancy, establishing that the defrauding of Netflix amounted to a significant sum of money.
The court’s decision mandates that Rinsch serve a custodial sentence due to his actions concerning the millions of dollars intended for the film production.
Topics: #million #rinsch #netflix
