Carl Rinsch was convicted of money laundering, illegal transactions, and wire fraud after Netflix was scammed out of $11 million intended for a sci-fi series called White Horse. Prosecutors said the funds were diverted to luxury purchases including a Ferrari and multiple Rolls-Royces, with some money going into crypto and personal accounts. Additional spending included watches and clothing, mattresses, and luxury bedding and linens. Keanu Reeves submitted a sentencing letter requesting leniency and described White Horse as a “superb and visionary work of art” that was unfinished. Rinsch faces up to ten years in federal prison, $11 million restitution to Netflix, and possible additional court fees.
"Keanu Reeves is asking a judge for leniency in the sentencing for his director Carl Rinsch. Rinsch was convicted of scamming Netflix out of $11 million. He was convicted in December of money laundering, illegal transactions, and wire fraud."
"Reeves wrote a sentencing letter on behalf of his colleague and friend, asking for "mercy." He also said White Horse would have been a good show. Reeves wrote that it was "a superb and visionary work of art, although unfinished.""
""In my opinion, Carl can self-sabotage by amplifying the scale, scope, and landscape of what had been negotiated, accordingly placing himself and his counterparties at odds," he wrote. "I do not intend to share this as a diminishment of what he has been found to have done, but offer this solely as perhaps an insight into why.""
"Rinsch is facing ten years in federal prison for his crimes. He is also expected to pay $11 million in restitution to Netflix and a possible additional $4.4 million in court fees. We'll find out if Reeves's pleas worked when the director is sentenced June 29."
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