Hollywood director Carl Erik Rinsch, known for the 2013 film “47 Ronin,” is sentenced to 30 months (2½ years) in federal prison for defrauding Netflix. Multiple outlets report that Rinsch was convicted in December on federal wire fraud and related charges tied to an about $11 million payment Netflix provided in 2020 for a then-planned science-fiction series. Prosecutors say Rinsch told Netflix he needed additional funds to finish the project, which was described in court filings as “White Horse” and later renamed “Conquest,” but diverted the money for personal use instead of production.
According to prosecutors and testimony summarized by the outlets, the diverted funds went to luxury purchases and other spending, including high-end vehicles and goods. Several reports also describe spending on speculative investments, including stock options and cryptocurrency, with some amounts transferred into his accounts after investment outcomes. One source also notes that Netflix had already paid substantial amounts earlier for the series and that Netflix commissioned only one season, which Rinsch did not deliver.
Rinsch’s supporters, including actor Keanu Reeves, asked the court for leniency, and Rinsch’s lawyers argued his behavior was influenced by personal and mental-health pressures. The court still imposed the prison term and ordered forfeiture of the $11 million.