Carl Rinsch, Director of the 2013 Keanu Reeves-Starred Film “47 Ronin,” was arrested tuesday in West Hollywood and charged withd and money laundering After Allegedly Misappropriating $ 11 million in Funding from a “Prominent Streaming Platform,” Which Multiple reports Ostensibly cite as Netflix.
Prosecutors allege that Rinsch asked for additional funding from a streaming service to complete his science fiction series “White Horse” in 2020, but rather transferred money to personal accounts and began to negotiate titles.
His production company had already been paid 44 million dollars before the request for additional funding, prosecutors said.
“Rinsch orchestrated a program to steal millions by requesting a significant investment from a video streaming service, saying that money would be used to finance a television program he created. But it was fiction “,” American lawyer Matthew Podolsky statement.
At the end of April 2020, he had lost more than half of the funds thanks to risky investments, in particular “highly speculative options and trading of cryptocurrencies”, as well as an ETF following the S&P 500 index, according to the declaration.
Rinsch also used these funds to “speculate on cryptocurrency – which was ultimately profitable” charge Read.
According to the indictment, Rinsch used these gains to spend $ 2.4 million for five Rolls-ryces and a Ferrari, $ 3.7 million for furniture and antiques, $ 652,000 on watches and clothing, and $ 638,000 on two mattresses, as well as $ 295,000 on luxury bed and linen.
Previous reports of 2023 claimed Rinsch liquidated its Dogecoin positions, of a value initially of $ 4 million and overthrew this in $ 27 million in May 2021. Rinsche would have used Kraken to buy Crypto through Schwab Bank transfers.
Prosecutors claim that Rinsch has never delivered the television program completed to Netflix and never returned the money despite the end of “six short-way episodes”.
The discovery equipment on the case allegedly allegedly spent $ 1.1 million in lawyers to continue the streaming company for additional funds and its divorce procedure.
If he is found guilty of wire fraud, Rinsch could incur up to 20 years in prison. The accusation of money laundering includes an additional maximum sentence of 20 years, while five charges of monetary transactions with criminal derivative goods transport up to 10 years.
This could bear her consecutive sentences total to 90 years in prison if she was found guilty of all the counts.
Edited by Sebastian Sinclair
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