The Justice Department arrested director Carl Rinsch in West Hollywood, Calif., Accusing him of wire fraud and money laundering in a scheme allegedly stole millions from Netflix.
Rinsch provided funds from the broadcasting company from 2018 to the beginning of 2020 to create a series of sci-fi “occupation”, but used the money for its use, the indictment says. Netflix is referred to as “Streaming-1” in the indictment.
US lawyer Matthew Podolsky said: “As alleged, Carl Erik Rinsch orchestrated a scheme to steal millions demanding a large investment from a video broadcast service, claiming that the money will be used to finance a television show he was creating.
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New York Times Reports that Rinsch sold Netflix TV show and secured $ 44 million in funding between 2018 and 2019. In 2020, he received an additional $ 11 million, which he was reported to have used to make some unsuccessful personal investments. Doj claims that Rinsch used the remaining money to pay luxury items, spending $ 2,417,000 to buy five Rolls-Royces and one Ferrari; and approximately $ 652,000 per hour and clothing.
Netflix canceled its development in 2021 after Rinsch behavior “Returned messy”. time Quotes texts and email he sent to Netflix leaders, where he “claimed to have discovered the secret mechanism of Covid-19 and told his wife, a manufacturer at the show, that he could anticipate earthquakes and lightning attacks.”
In the end, Rinsch did not produce any episodes of the show, and “Netflix had to write the $ 55 million he spent on the project” for time
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The DOJ indictment provides for the allegations faced by Rinsch: a wire -fraud charge (a maximum sentence of 20 years), a money laundering charge (maximum sentence of 20 years), and five charges of engaging in monetary transactions on property derived from the specified illegal activity (10 years.)
“The FBI will continue to rely on any individual seeking to deceive businesses,” writes FBI Leslie Buckschies's assistant.