Carl Erik Rinsch, the director of 47 Ronin, has been arrested on charges of fraud and money laundering after allegedly misusing $11 million from Netflix, according to BBC News.
The Netflix Deal Gone Wrong
Netflix initially funded $44 million for Rinsch’s sci-fi series White Horse, but no episodes were ever completed. In 2020, he convinced Netflix to send an additional $11 million, which prosecutors say he used for personal extravagance rather than production.
Where Did the Money Go? 💰
🚗 Luxury Cars – Rolls-Royces & Ferrari
💳 $1.8M – Credit card payments
🛏️ $933K – Luxury mattresses & bedding
🛋️ $3.7M – High-end furniture & antiques
⚖️ $1M – Lawsuits (including one against Netflix)
🪙 Crypto Gamble – Huge losses in digital currency
Bizarre Behavior & Legal Fallout
🔹 Rinsch reportedly claimed he could predict lightning strikes and foresee volcanic eruptions.
🔹 In court, he refused to enter a plea, saying he hadn’t read the 12-page indictment “cover to cover.”
🔹 Released on $100,000 bail, he faces up to 20 years in prison if convicted.
Netflix has declined to comment on the case.
