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This is an odd one to start the day, Netflix possibly scammed out of $11 million. Carl Rinsch directed 47 Ronin back in 2013, then didn’t make anything after that. Recently, he was making a new sci-fi series for the streaming service, but it was never completed.
Federal prosecutors have indicated that Rinsch made promises to the series that never happened. The case involves Keanu Reeves cameos, some bad Cyrpto deals, a pledge to be able to control lightning (I still have no idea what this was), five Rolls-Royces and “a scathing portrait of an industry drunk on its own content needs”.
If Rinsch is found guilty, he is looking at 90 years in jail. Leslie Backshies, FBI Assistant Director, claims:
“Carl Rinsch allegedly stole more than $11 million from a prominent streaming platform to finance lavish purchases and personal investments instead of completing a promised television series.”
The FBI are fighting on the side of Netflix, as they “continue to reel in any individual who seeks to defraud businesses.” The 12-page indictment, against Rinsch, was made public on Tuesday and was arrested later that day.
Initially, the project, called White Horse, had cost Netflix $44 million. It was then that Rinsch demanded another $11 million from the company. The director said the funds were for various pre-and-post production needs to complete the series.
Taking the $11 million, which had been deposited in an account called “Rinsch Company” (seriously, that was what it was called), it was then moved around to different accounts and locations. At this point, the director was telling Netflix that the series was “awesome and moving forward really well”.
Living the High Life
What the money was being spent on was in fact:
“…to speculate on cryptocurrency, and on personal expenses and luxury items, including approximately $1,787,000 on credit card bills; approximately $1,073,000 on lawyers to sue Streaming Company-1 for even more money, and for lawyers related to his divorce; approximately $395,000 to stay at the Four Seasons hotel and at various luxury rental properties; approximately $3,787,000 on furniture and antiques, including approximately $638,000 to purchase two mattresses and approximately $295,000 on luxury bedding and linens; approximately $2,417,000 to purchase five Rolls-Royces and one Ferrari; and approximately $652,000 on watches and clothing.”
He took the money he scammed from Netflix to sue them for more money. Also, what’s with the cost of the bedding? I got a deal for some old “slightly soiled” mattresses, 2 for £40.
It is a shame to see Netflix being scammed like this. Someone taking their money and not giving a quality product in return. In other news, you can now see the $350 million The Electric State on their streaming service.
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