Close Policy Posts from this topic will be added to your daily email digest and your homepage feed. Follow See All Policy Director found guilty of scamming Netflix out of $11 million Instead of spending $11 million to complete a series for Netflix, prosecutors say Carl Erik Rinsch made risky investments and bought luxury goods instead. Instead of spending $11 million to complete a series for Netflix, prosecutors say Carl Erik Rinsch made risky investments and bought luxury goods instead. by Emma Roth News Writer Posts from this author will be added to your daily email digest and your homepage feed. Follow Dec 12, 2025, 6:54 PM UTC Link Illustration by Nick Barclay / The Verge Emma Roth Close Emma Roth Posts from this author will be added to your daily email digest and your homepage feed. Follow See All by Emma Roth is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Hollywood director Carl Erik Rinsch was convicted of scamming $11 million from Netflix to spend on luxury items, including five Rolls-Royces and a Ferrari, as reported earlier by Deadline . A New York jury found Rinsch guilty of several charges on Thursday, including fraud and money laundering. Rinsch, who’s known for directing 47 Ronin, was charged with fraud in March after prosecutors say he stole the $11 million he received from Netflix to complete an upcoming sci-fi series called White Horse (later renamed Conquest). The series followed a “genius who invents a humanlike species called the Organic Intelligent,” and it all goes very wrong, according to The New York Times . Instead of putting the money toward finishing the series, prosecutors say he used the funds to make a series of investments, leading him to lose “more than half” of those funds in less than two months. He then spent the rest of his money on investing in cryptocurrency and lavish items, including “at least $3.3 million furniture, antiques, and mattresses; at least $387,000 on a Swiss watch; and at least $2.4 million on five Rolls Royces and a red Ferrari.” Rinsch is set to be sentenced on April 17th, 2026. Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Emma Roth Emma Roth News Writer Posts from this author will be added to your daily email digest and your homepage feed. Follow Source: https://www.theverge.com/news/843923/hollywood-director-netflix-conviction-fraud-carl-rinsch