According to IBTimes, Hollywood director Carl Rinsch was convicted by a New York jury of defrauding Netflix of approximately $11 million during the filming of the sci-fi series "White Horse." The charges include telecommunications fraud, money laundering, and illegal financial transactions. Prosecutors stated that after applying for additional funds from Netflix (totaling up to approximately $44 million), he transferred the money into personal accounts for high-risk stock bets, cryptocurrency trading, and purchasing luxury items such as Ferraris and Rolls-Royces, while the project was ultimately not completed. Rinsch will be sentenced on April 17.
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According to IBTimes, Hollywood director Carl Rinsch was convicted by a New York jury of defrauding Netflix of approximately $11 million during the filming of the sci-fi series "White Horse." The charges include telecommunications fraud, money laundering, and illegal financial transactions. Prosecutors stated that after applying for additional funds from Netflix (totaling up to approximately $44 million), he transferred the money into personal accounts for high-risk stock bets, cryptocurrency trading, and purchasing luxury items such as Ferraris and Rolls-Royces, while the project was ultimately not completed. Rinsch will be sentenced on April 17.