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The Verge

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Image Credit: The Verge

Feds charge director with $11 million fraud over his unfinished Netflix show

  • Director Carl Erik Rinsch has been charged with wire fraud, money laundering, and other financial crimes.
  • Netflix paid $44 million to produce Rinsch's 13-episode sci-fi series, but he allegedly used $10.5 million for personal expenses.
  • Rinsch made crypto investments with the remaining money, leading to profits.
  • He spent $10 million on himself, including luxury cars and expensive bedding, while the show remains unfinished.

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