Entertainment

Director arrested for allegedly stealing $11M from Netflix

Hollywood director Carl Erik Rinsch, known for “47 Ronin,” faces charges of swindling Netflix out of $11 million. Prosecutors allege he diverted funds to cryptocurrency investments and luxury purchases, including Rolls-Royces and a Ferrari. Rinsch, 47, was arrested in West Hollywood and appeared in a Los Angeles court, where he agreed to a $100,000 bond. The case involves allegations of wire fraud and money laundering. Netflix paid Rinsch for an unfinished show, but the funds were reportedly used for personal expenses. Rinsch’s attorney has not commented, and the director’s court date in New York remains unset.

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