Hollywood writer and director Carl Erik Rinsch for suspected Cheated Netflix More than $11 million.
Linsch was arrested Tuesday in West Hollywood, California, on suspicion of fraudulent plans to deceive streaming services, according to the Associated Press.
He is accused of spending money on Cryptocurrency InvestmentRolls-Royce and Ferrari.
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Director Carl Erik Rinsch was arrested Tuesday on suspicion of wasting Netflix from $11 million. (John Sciulli/Getty Images, saatchi LA team
Prosecutors said Lynch was initially paid $44 million by Netflix for his unfinished show “White Horse”, but the directors asked for an additional $11 million to complete.
Lynch allegedly transferred the $1 million to his personal account and made an investment, causing him to lose half of his investment in two months, according to prosecutors.
Lynch transferred the remaining money from $11 million Netflix to him into the cryptocurrency market, which made him profit, and he then transferred it to his personal account, the indictment showed.
Netflix allegedly offered Carl Erik Rinsch $11 million to complete his unfinished sci-fi show on his personal spending. (jakub porzycki/nurphoto via Getty image)
Lynch spent $10 million on personal belongings, including $1.8 million in credit card bills and $1 million in attorneys to file a lawsuit Streaming Service For “more money,” $3.8 million in furniture and vintage, $2.4 million for five Rolls-Royce and a Ferrari, and finally, $652,000 for watches and clothes.
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Linshi was wearing a turtleneck sweater and jeans on his hands on his ankle on Tuesday. U.S. District Judge Pedro V. Castillo agreed to get Rinsch a $100,000 margin on Tuesday.
Carl Erik Rinsch was released on Tuesday on $100,000 bond. (John Sciulli/Getty Images, saatchi LA team
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Rincsh’s attorney Annie Carney said at the hearing that the allegations against her clients were purely financial and refused to comment outside the court.
Linshi has no date for the next court hearing in New York where the prosecution was filed.
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The Associated Press contributed to this report.
