The saga of director Carl Erik Rinsch and Netflix deal has beengoing on for years.
Now the FBI is charging him with fraud.
The FBI will continue to reel in any individual who seeks to defraud businesses.
Director Carl Erik Rinsch attends New Directors' Showcase In Los Angeles presented by Team One, Saatchi LA on September 23, 2015 in Los Angeles, California.© Photo by John Sciulli/Getty Images for Team One, Saatchi LA
The story begins in 2018.
Rinschs idea was White Horse.
White Horse is a reference to one of four horsemen of the apocalypse, who rides a white horse.
© FBI photos.
The horseman who sits upon a pale horse is Death.
After a bidding war, Netflix signed a deal with Rinsch.
Rinsch did shoot some footage, and there are screenshots of the show in the indictment.
But he also allegedly got weird.
According to witnesses and his divorce proceedings, Rinsch was abusing prescription amphetamine and getting paranoid.
He punched holes in the wall and would vanish.
He missed meetings with execs and blew deadlines.
Yet, somehow, he convinced Netflix to give him another $11 million.
And its this second injection of Netflix money thats at the heart of the fraud case.
The forensic tracking on those millions is well documented.
Then he made bad investments and lost half of it.
He took the $4 million he had remaining from the Netflix money and bet it all on Dogecoin.
It paid off and he pocketed a cool $27 million.
Then, according to the FBI, Rinsch went on a spending spree.
At the time, he claimed Netflix owed him $14 million.
The streaming wars are over and well never see White Horse.
News from the future, delivered to your present.
Get your finest dark clothing and all your creepy things, part one ofWednesdayseason two is dropping in August.
