Carl Erik Rinsch, the director of the failed Netflix series 'White Horse', has been arrested for fraud after allegedly misappropriating $17 million meant for the show's production. In a scheme that involved diverting funds into personal expenditures—including investments in stocks, cryptocurrency, and luxury cars—Rinsch reportedly spent the budget without delivering any episodes. Initially financed by Netflix in a competitive bidding war, he later sought further funds claiming he could only film one episode, misleading the streaming service about the project’s progress. Prosecutors highlight the extensive misuse of funds through various financial channels.
Carl Erik Rinsch orchestrated a scheme to steal millions by soliciting a large investment from Netflix under false pretenses, ultimately failing to deliver any episodes.
He spent money from the $17 million budget on failed investments, luxury items, and personal expenses, including two extravagant mattresses worth over a million.
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