Carl Erik Rinsch has been charged with wire fraud and money laundering for allegedly misusing $11 million of Netflix's funding intended for his sci-fi series. The streaming giant had invested $44 million into the project, which was aimed at depicting superintelligent clones. After requesting additional funds to complete the series, Rinsch diverted the money towards personal investments in stocks and cryptocurrencies, leading to significant losses. His erratic behavior post-funding included bizarre claims about predicting earthquakes and mapping viruses. As a result, Netflix ultimately canceled the series development.
Rinsch allegedly misappropriated $11 million from Netflix, initially intended for a sci-fi series, to invest in stocks, cars, and crypto, facing multiple charges.
Despite securing $44 million from Netflix for his sci-fi show, Rinsch only produced erratic updates while he engaged in risky financial behavior, leading to legal trouble.
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