Director Carl Rinsch Convicted of Fraud and Money Laundering

2025-12-12 19:09

Director Carl Rinsch, known for "47 Ronin," has been convicted by a U.S. court on charges including wire fraud and money laundering. Rinsch misappropriated $11 million in production funds from Netflix, intended for the series "Conquest," leading to its cancellation and a $55 million loss for the streaming giant. Prosecutors revealed that Rinsch lost the funds in stock trading before investing in cryptocurrencies and purchasing luxury items like Ferraris and Rolls-Royces. He faces up to 90 years in prison. Rinsch previously turned a $4 million Dogecoin investment into $27 million, which he subsequently squandered.

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