H’wood director Rinsch convicted of scamming Netflix out of $11-mn
In a shocking turn of events, Hollywood director Carl Erik Rinsch has been convicted of defrauding Netflix out of a whopping $11 million for a science-fiction show that was never made. The court found that Rinsch had siphoned off funds intended for the long-delayed series ‘White Horse’ and used them to fund his life of luxury. This conviction has sent shockwaves through the entertainment industry, with many expressing outrage and disappointment at Rinsch’s actions.
According to reports, Rinsch had been working on the science-fiction series ‘White Horse’ for Netflix, but the project had been delayed for years. Despite the delays, Rinsch continued to receive funding from Netflix, which he then used to finance his own lavish lifestyle. The court found that Rinsch had used the funds to purchase luxury items, travel, and even pay off personal debts.
The investigation into Rinsch’s activities revealed a complex web of deceit and fraud. It was found that Rinsch had submitted fake invoices and receipts to Netflix, claiming that the funds were being used for production costs. However, in reality, the money was being used to fund his own personal expenses. The court also found that Rinsch had used the funds to pay off debts and invest in other business ventures, completely unrelated to the production of ‘White Horse’.
Rinsch’s conviction has sparked outrage in the entertainment industry, with many calling for greater accountability and transparency in the way that funds are allocated and used. The case has also raised questions about the lack of oversight and regulation in the industry, which allowed Rinsch to carry out his scam for so long.
The consequences of Rinsch’s actions will be severe. He could face a maximum of 90 years in prison, a sentence that reflects the gravity of his crimes. Rinsch is scheduled to be sentenced on April 17, 2026, and it is expected that he will receive a significant prison term.
The case against Rinsch is a stark reminder of the risks of fraud and corruption in the entertainment industry. It highlights the need for greater vigilance and oversight, to prevent similar scams from occurring in the future. Netflix, in particular, will be taking a hard look at its own internal procedures, to ensure that such a scam cannot happen again.
The impact of Rinsch’s conviction will also be felt by the cast and crew of ‘White Horse’, who had been working on the project in good faith. Many of them will be left wondering what could have been, if the funds had been used as intended. The delay and eventual collapse of the project will also have a significant impact on their careers, as they will have to seek out new opportunities and projects.
In conclusion, the conviction of Carl Erik Rinsch is a shocking reminder of the risks of fraud and corruption in the entertainment industry. The case highlights the need for greater accountability and transparency, and the importance of protecting against scams and deceit. As the industry moves forward, it is essential that lessons are learned from this case, and that steps are taken to prevent similar scams from occurring in the future.
News Source: https://www.newsbytesapp.com/news/entertainment/hollywood-director-convicted-for-scamming-netflix/story
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