‘47 Ronin’ director arrested on charges of swindling Netflix out of $11 million he used on crypto, a fleet of Rolls-Royces and a Ferrari

Quick Summary:

Prosecutors said Netflix had initially paid about $44 million to purchase an unfinished show called "White Horse" from Carl Erik Rinsch, but eventually doled out another $11 million.

He appeared in a federal courtroom in Los Angeles in a turtleneck sweater and jeans with shackles on his arms and legs.

She said during the hearing that she had not yet seen the prosecution’s evidence against Rinsch.

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Article Details

Author / Journalist: The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Scams Scammers Rolls-Royce Ferrari Hollywood Netflix Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 09:59:32 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 107 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27170985

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Official Website: fortune.com

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