Netflix

Hollywood director Carl Erik Rinsch was convicted in federal court in New York on December 11, 2025 of wire fraud, money laundering and related charges for misappropriating $11 million that Netflix advanced to finish his sci‑fi series “White Horse.” Prosecutors said Rinsch diverted the funds to speculative stock and crypto trades and luxury purchases, including five Rolls‑Royces, a Ferrari, hundreds of thousands on watches, clothing, mattresses and linens, and $1.8 million in credit card bills; he never delivered the show. Sentencing is set for April, and Netflix declined to comment.