Ex-Director Carl Rinsch Receives 30-Month Prison Term in Netflix Fraud Case
TL;DR Summary
Director Carl Erik Rinsch was sentenced to 30 months in prison after being convicted of defrauding Netflix of about $11 million. Netflix had funded a $55 million sci‑fi project, Conquest (formerly White Horse), that produced no episodes; prosecutors say Rinsch used the funds for stock market and cryptocurrency bets and to buy luxury items, including Rolls‑Royces and a Ferrari. He cited health issues, but the judge said deceit persisted and emphasized deterrence against fraud.
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