Arrest and Charges
was arrested on charges of wire fraud and money laundering, accused of swindling $11 million from for an uncompleted sci-fi series, "White Horse," later renamed "".
The indictment alleges Rinsch redirected funds towards cryptocurrency investments and luxury items, including a fleet of Rolls-Royces and a Ferrari, instead of completing the series.
Financial Misconduct and Legal Repercussions
Prosecutors claim Rinsch lost half of the $11 million in failed stock investments and spent the remainder on personal expenses, legal fees, and luxury goods.
An arbitrator previously ruled Rinsch owed Netflix nearly $9 million in damages, following his allegations of a contract breach by Netflix.
