Director of ’47 Ronin’ Charged With Defrauding Netflix, Misusing $11M on Crypto and Luxury Goods

Carl Rinsch, director of the Keanu Reeves-Star film “47 Ronin” 2013, was arrested on Tuesday in West Hollywood and accused of money laundering and money laundering after alleged abuse of $ 11 million in financing a “prominent streaming platform”, that several report Cite apparently if Netflix.

Public Prosecutors claim that Rinsch has asked for additional financing of a streaming service to complete his SCI-Fi series “White Horse” in 2020, but instead transferred the money to personal accounts and started with the actions of securities.

His production company previously received $ 44 million paid before the additional financing request, claimed public prosecutors.

“Rinsch orchestrated a schedule to steal millions by asking for a large investment of a video streaming service, and claimed that money would be used to finance a television show he was making. But that was fiction, “acting US Attorney Matthew Podolsky wrote in a rack.

By the end of April 2020, he had lost more than half of the funds due to risky investments, including “very speculative options and cryptocurrency trade”, as well as an ETF that the S&P 500 index follows, according to the statement.

Rinsch also used these funds to “speculate about cryptocurrency – which ultimately turned out to be profitable”, the reciprocal Reads.

According to the indictment, Rinsch reportedly used this profit to spend $ 2.4 million on five Rolls-Royces and a Ferrari, $ 3.7 million on furniture and antiques, $ 652,000 on watches and clothing, and $ 638,000 on two mattresses, as well as $ 295,000 on luxury beds and bedding.

Previous reports from 2023 claimed Rinsch liquidated his Dogecoin positions, initially worth $ 4 million, and turnover this in $ 27 million in May 2021. Rinsche would have used Kraken to buy crypto through transfers from Schwab Bank.

Prosecutors claim that Rinsch never delivered the completed television show to Netflix and never returned the money, despite the completion of “six short episodes”.

Discovery Materials in the case claimed that he spent $ 1.1 million in lawyers to sue the streaming company for extra funds and for his divorce procedures.

If convicted of wire fraud, Rinsch can get up to 20 years in prison. The Geldwit costs have an extra maximum 20-year punishment, while five counts of performing monetary transactions with criminal derived ownership each bear for up to 10 years.

That would be able to bring his total consecutive penalties to 90 years in prison if it is found guilty on all points.

Edited by Sebastian Sinclair