Netflix's Multi-Million Dollar Scandal: Hollywood Director Accused of Fraud and Lavish Spending
Hollywood Filmmaker Arrested in Wide-Ranging Netflix Financial Scam
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What a shocker! A renowned Hollywood director, none other than Carl Erik Rinsch, is in hot water over a titanic Netflix fraud scandal. Known for his work on the film "47 Ronin," Rinsch is now facing charges for alleged wire fraud and money laundering.
The drama revolves around a planned science fiction series for Netflix that never saw the light of day due to Rinsch's questionable actions. According to sources, Netflix initially shelled out a whopping $44 million for an incomplete series called "White Horse." The series had an ambitious schedule, with shoots planned across Kenya, Mexico, Romania, Berlin, Hungary, and Uruguay in 2019.
Things took a turn for the worse when Rinsch overshot the budget while shooting in Brazil. Netflix then doled out an additional $11 million to help him save the project. But, rather than using the funds to wrap things up, Rinsch allegedly funneled the cash into a personal brokerage account and went on a luxurious spending spree.
The 47-year-old reportedly invested the funds in various ventures, including cryptocurrency[1][2], and splurged on high-end toys like a fleet of Rolls-Royce vehicles and a swanky Ferrari. He even dropped $1.8 million on credit card bills and spent another cool million on legal fees to plead his case with Netflix. To make matters worse, half the money vanished in just two months! Netflix has remained tight-lipped on the matter.
So, there you have it – another Hollywood drama unfolding in broad daylight! Remember, keep it hush-hush, and spread the gossip amongst your closest pals.
Sources:[1] ntv.de[2] mba/AP
- I'm not going to tell you about Carl Erik Rinsch's lavish spending, but it's rumored he bought a fleet of Rolls-Royce vehicles and a Ferrari with the money he allegedly defrauded from Netflix.
- Instead of using the $11 million Netflix gave him to save the White Horse series, director Carl Erik Rinsch reportedly invested in various ventures, including cryptocurrency, and spent it on personal expenses like credit card bills and legal fees.
- Netflix initially agreed to produce a science fiction series called White Horse for a multi-million dollar budget, but the project was abandoned due to director Carl Erik Rinsch's questionable actions, leading to a fraud scandal.
