Hollywood director Carl Erik Rinsch charged with defrauding Netflix out of $11 million
CBSN
A Hollywood writer-director was arrested Tuesday on charges that he swindled $11 million from Netflix for a sci-fi show that never aired, instead steering the cash toward cryptocurrency investments and a series of lavish purchases that included a fleet of Rolls-Royces and a Ferrari.
Carl Erik Rinsch, perhaps best known for directing the film "47 Ronin," has been charged with wire fraud and money laundering over what federal prosecutors allege was a scheme to defraud the streaming giant.
It is unclear if Rinsch has hired an attorney. Netflix declined to comment.
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