Hollywood director jailed for $11 million Netflix fraud

1 min read
Source: BBC
Hollywood director jailed for $11 million Netflix fraud
Photo: BBC
TL;DR Summary

Hollywood director Carl Rinsch was sentenced to two and a half years in prison for defrauding Netflix of about $11 million intended to finish an unfinished sci‑fi series, diverting funds to a personal account, investing in cryptocurrency, and buying luxury items; Netflix had allocated roughly $55 million for the project. He faces three years of supervised release, $11 million in forfeitures and a $700 fine, and apologized in court.

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