Federal prosecutors have charged Carl Rinsch, director of 47 Ronin, for allegedly scamming Netflix out of $11 million for a sci-fi series that never happened.
The Allegations:
💰 Netflix paid Rinsch $61M for the show White Horse (later Conquest), but he delivered nothing.
🚗 Spent millions on luxury items:
- 🏎️ $2.4M on Rolls-Royces & a Ferrari
- 🛏️ $638K on mattresses
- 🏨 $395K on luxury stays
- 💳 $1.7M on credit card bills
- ⌚ $652K on watches & clothing
- 🎭 $1M+ on lawyers to sue Netflix!
Legal Fallout:
⚖️ Facing up to 70 years in prison if convicted on fraud, money laundering, and financial crimes.
📉 Netflix lost over $55M before pulling the plug in 2021.
🏛️ Judge Jed S. Rakoff will preside over the case.
From Hollywood to high-stakes crypto gambling—is this the wildest industry scandal yet? Drop your thoughts below! ⬇️