Netflix CEO Carl Rinsch is charged with blowing $ 11 million on Cripto

Director of Potential Netflix The series was arrested on cheats that allegedly smoked through $ 11 million for a chance, accused of spending money on failed stocks, cryptocurrency, expensive cars and two mattresses, which they had $ 600,000.

Carl Erik Rinch was arrested on Tuesday in Los Angeles after New York counts in the southern district in the southern district, and the 47-year-old was charged with money laundering and monetary transactions in assets that came from certain illegal activity. If found guilty of all charges, the Rinch is facing imprisonment up to 90 years.

Rinch was charged with orchestrating the “scheme to steal millions, claiming that the money was used to be fiction,” he said that it was in a statement that he announced in the statement that he was in the announcement of the director. “RENSCH instead, allegedly used funds to personal costs and investments, including very speculative options and trading cryptocurrency.

Previous Legal Representative for Rinsch Rolling stone They didn’t represent it anymore. Rincch could not be reached immediately for comment.

The New York Times He has published an issue of bizarre emission resolution White horse (later renamed Conquest) In November 2023. Finding that despite Netflix, pouring $ 55 million in Rinsch’s project, the director never delivered one episode. In interviews with customs and the show – as well as reviewing court documents, texts and emails – Rinsch is charged with luxurious consumption, growing increasing mistakes and making wild requirements for transferring in Coveid-19.

At that time, Rinsch refused to comment Passage. Instead, he took that Instagram to speculate would be “incorrect” and “talk about the fact that I used to lose my mind … (Spoiler Alert) … I’m not.”

Rinch started filming his Sci-Fi show White horse Between 2016 and 2017. years, working with two media companies to produce six episodes of short forms, according to the 14 pages that received Rolling stone. 2018. Rinsch entered an agreement with the transport company, which was between June 2018 and October 2019. paid “about $ 44 million for White horse“According to the court newspapers. (Prosecutors did not identify the string company in the indictment, but it was widely reported that Netflix was the issue of emissions.)

In March 2020. year, Rinsch asked for more funds to complete the show recording and $ 11 million revived Rinsch’s production company, in line with the indictments. But instead of using the finishing funds White horseThe Rinch is accused of transferring most of the funds to a personal brokerage, where the money used to cube on the stock market.

“Rinsch’s stores were not successful, and in less than two months after she received $ 11 million from the transfer of company-1, Rinsch lost more than half of these funds,” said the indictment. Meanwhile, Rincch allegedly told Netflix that things were going “awesome and move really good.”

Around the spring of 2021, Rinch allegedly moved what remained left was left by $ 11 million in the Cryptocurrency account, which eventually gave huge earnings. Between June 2021. and November, 2022. Prosecutors accuse her cryptocurrency gain to a personal bank account, where it spent approximately 10 million dollars on personal costs and luxury items.

According to the Indictment, the rough list of the cost of alleged Rinsch consumption included $ 638,000 to buy two mattresses; 395,000 dollars on stays at the Four Seasons Hotel and other luxury properties for rent; 2,417,000 dollars for purchase of five Rolls-Royces and one Ferrari; $ 652,000 on watches and clothes; and $ 3,787,000 on furniture and antiques. Print also accuses that $ 1,787.00 is spent on credit card accounts and $ 1,073,000 for legal representation in the distribution and lawsuit against netflix.

“Distorted, defendant, never finished white horses and never returned the falsely acquired funds for streaming companies – 1,” Indictment.