Feds charge director with $11 million fraud over his unfinished Netflix show

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According to the Times report, Netflix secured the show by offering millions more than Amazon and promising Rinsch, whose only feature film is 47 Ronin, final cut.

The fraud he’s being charged with came into play once he told Netflix he’d need an additional $11 million to finish the show, which was originally called White Horse before it was renamed Conquest. After Netflix sent the money in March of 2020, however, Rinsch allegedly took the money for himself, putting $10.5 million in a brokerage account and losing more than half of it in less than…



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Feds charge director with $11 million fraud over his unfinished Netflix show


According to the Times report, Netflix secured the show by offering millions more than Amazon and promising Rinsch, whose only feature film is 47 Ronin, final cut.

The fraud he’s being charged with came into play once he told Netflix he’d need an additional $11 million to finish the show, which was originally called White Horse before it was renamed Conquest. After Netflix sent the money in March of 2020, however, Rinsch allegedly took the money for himself, putting $10.5 million in a brokerage account and losing more than half of it in less than…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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