Hollywood director Carl Rinsch was indicted on fraud and money laundering charges and accused of defrauding Netflix out of millions of dollars for a science-fiction series he never completed.
The director of the 2013 movie “47 Ronin” was arrested on Tuesday in West Hollywood and accused of embezzling $11 million dollars from the streaming giant, the Los Angeles Times reported. He later appeared in court, but was not yet asked to enter a plea.
He was indicted on two counts of money laundering, one count of wire fraud, and four counts of engaging in monetary transactions related to illegal activity, the Times noted.
According to the indictment, Rinsch used the money from Neftlix to make “extremely risky investments,” to pay for stays at the Four Seasons, and for other lavish purchases, crypto currency, and to hire lawyers to sue Netflix, instead of on the creation of the new…
