Hollywood filmmaker Carl Rinsch has been sentenced to 30 months behind bars after fraudulently obtaining and misusing $11 million provided by Netflix for a science-fiction television series that was never completed.
Monday’s sentencing comes after the 48-year-old was convicted on multiple federal charges in December, which included wire fraud and money laundering.
According to prosecutors, the streaming giant originally invested $44 million into production between 2018 and 2019, and sent an additional $11 million at Rinsch’s request to complete the long-delayed project titled “White Horse.”
The funds were used to make lavish purchases on items that included luxury vehicles, designer goods, and approximately $1 million in mattresses and luxury bedding. Rinsch also made cryptocurrency investments, earning a profit before depositing money into his personal accounts….
