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Hollywood Director Convicted of $11M Netflix Fraud, Spent Funds on Crypto and Luxury Cars

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Hollywood director Carl Erik Rinsch was convicted on December 11, 2025, of defrauding Netflix of $11 million. Rinsch, known for *47 Ronin*, faces up to 20 years per charge on counts of wire fraud, money laundering, and unlawful monetary transactions. Prosecutors said he spent the funds on crypto and luxury cars, including multiple Rolls-Royces and a Ferrari. The case highlights challenges in Countering the Financing of Terrorism and monitoring liquidity and crypto markets. Sentencing is set for April 17, 2026.
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