The situation has gotten out of control to the point where Carl Rinschafter swindling a million Netflixhe didn’t even have money to travel to the trial in New York. The FBI had already arrested him, and finally the extravagant process was able to take place, in the presence of several former Netflix executives and even Keanu Reeves. The actor who starred in Rinsch’s only feature film (The Legend of the Samurai: 47 Roninfrom 2013) and that he was going to reappear in the Netflix series that he never made.
It was white horselater transformed into conquest. To make it, Rinsch got a large sum of money from Netflix, but the series was never made. So the platform streaming successfully sued Rinsch for fraud and, according to IndieWire has already concluded with the conviction of Rinsch.
Filmmaker found guilty of defrauding Netflix more than 11 million dollars for a series that was never completed, which is further good news for the company streaming when your acquisition is still fresh Warner Bros. (even though it now faces a hostile takeover bid from Paramount Skydance).
The fraud and money laundering trial took place for nearly two weeks, ending with a guilty verdict by a New York jury. Rinsch now faces a sentence of up to 90 years in prison which includes charges of fraud and wire fraud, although the judge will surely impose a lesser sentence. The prosecutor said this conviction demonstrates the commitment of American authorities against fraud.
Rinsch had pleaded not guilty and even appeared as a witness in his own defense, claiming that he used Netflix money to pay off debts caused simply by working with Netflix. Since it is proven that most of this money was spent on gambling, investing with cryptocurrencies and personal expenses like five Rolls RoycesRinsch’s version did not catch on at all.
It also didn’t help that some of the money had gone towards the costs of a traumatic divorce, where he had come to blame his ex-partner (oddly enough, co-creator of the concept of white horsea futuristic science fiction series) plot to murder him.
The truth is that it was surprising at the time that Netflix wanted to trust Rinsch. 47 Ronin was a box office failure amid rumors that Rinsch had gone over budget (until $175 million cost the film), but he had managed to retain Reeves’ trust and convince him to sponsor the concept of White Horse/Conquest.
The series was even the star of a bloody bidding war late last decade, from which Netflix emerged victorious, giving Rinsch all the money he wanted to launch his vision.
In 2018, Rinsch had already asked for 11 million more the initial 61 to complete the series. Three years later, when Rinsch had only been able to send lazy teasers what I was doing, Netflix canceled conquest. Oddly enough, this motivated Rinsch to file a lawsuit for breach of contract and he used some of the money given to him by the banner pay their lawyers.
Rinsch even then showed signs of erratic behavior, claiming that he had deciphered the secret mechanism of COVID-19 (?) and what could I predict where would lightning strike. Adding to this the bizarre divorce with his wife, Netflix ended up taking action on the matter and demanding in 2024 that he return 12 million. From there we move on to demand, and from there finally to Rinsch’s conviction.
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