Hollywood director Carl Rinsch has been found guilty by a New York jury of defrauding Netflix of approximately $11 million during the production of the sci-fi series "White Horse." Rinsch was convicted on charges including wire fraud, money laundering, and illegal financial transactions. Prosecutors revealed that after securing additional funding from Netflix, totaling up to $44 million, Rinsch diverted the funds to his personal accounts. He allegedly used the money for high-risk stock bets, cryptocurrency trading, and purchasing luxury items such as Ferraris and Rolls-Royces. The project was ultimately left incomplete. Rinsch is scheduled for sentencing on April 17.