In a stunning twist that could only happen in Hollywood, where logic is as rare as a good sequel, Carl Erik Rinsch-the man who once directed “47 Ronin” (a film that itself defied all odds and coherence)-has been convicted of wire fraud and money laundering. Because nothing says “artistic integrity” like misappropriating Netflix funds for speculative Dogecoin trades and luxury items, right?
- Hollywood director Carl Erik Rinsch (yes, that Carl) was found guilty of wire fraud and money laundering, which is about as shocking as finding out water is wet.
- Prosecutors claimed he funneled Netflix cash into personal accounts, speculative trades (because Dogecoin is clearly the future), and luxury items (because why buy groceries when you can buy a yacht? 🛥️).
- Rinsch now faces up to 20 years per count. Bonus points if he writes a memoir titled The Hitchhiker’s Guide to Bankruptcy.
Rinsch was convicted on one count of wire fraud and one of money laundering-each punishable by 20 years in prison. Because nothing says “creative freedom” like turning a sci-fi series budget into a crypto experiment. 🚀
Prosecutors also secured convictions on five counts of “monetary transactions in property derived from specified unlawful activity,” a term that sounds like it belongs in a surrealist novel. Sentencing is scheduled for April 17, 2026-just in time for tax season.
According to the indictment, Rinsch struck a deal with Netflix in 2018 to produce a sci-fi series. By 2020, after depleting the initial budget, Netflix sent more money. The series? Never finished. The funds? Transferred, traded, and splurged. Because why finish a project when you can gamble on Dogecoin instead? 🐕
Within days of receiving the cash, Rinsch funneled it through multiple accounts and into a personal brokerage. The “speculative” trades? So speculative that half the money vanished in two months. A financial feat that would make even the most optimistic economist weep.
Prosecutors alleged Rinsch spent cash on stock options, Dogecoin (because “to the moon!” is a valid business strategy 🚀), and luxury items. Despite a “profit” on Dogecoin, the funds were meant for production expenses. A contradiction as baffling as a plot hole in a sci-fi movie.
Rinsch also splurged on millions for credit cards, more crypto, and presumably, a very expensive lawyer. His attorney argued this verdict might discourage artists from spending money on anything other than essential luxuries. Or maybe not. 🤷
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2025-12-13 05:09