"Jurors can expect to hear a rollicking Hollywood tale featuring a bidding war (a half-dozen streamers, including Amazon, had vied for the project's rights) and at least one celebrity (Keanu Reeves was an early investor, according to the New York Times.) They'll likely see raw footage from Rinsch's dystopian, AI-themed thriller, "White Horse," turning a federal courtroom in Manhattan into the project's first public screening venue. And they'll hear extensive details of Rinsch's spending - with what prosecutors contend was Netflix's money - on cars, watches, clothing, luxury rentals, and those two very pricey premium mattresses."
""Mr. Rinsch, you can agree that these are extraordinarily expensive mattresses, right?" Rinsch was asked once, during a civil deposition. "Not only extraordinary," he answered, according to a transcript included in his criminal docket. "Almost Cat in the Hat crazy expensive mattresses, yes," he added. "But they appreciate in value, strangely.""
Carl Erik Rinsch faces charges of wire fraud, money laundering, and related offenses for allegedly defrauding Netflix of $11 million tied to a promised humans-versus-clones sci-fi series that was not completed. Prosecutors allege Rinsch diverted the money to pay debts and make personal purchases, including luxury cars, watches, clothing, rentals, cryptocurrency, and two premium mattresses costing roughly $648,000. The Manhattan trial will present raw footage from the dystopian, AI-themed project "White Horse" and detailed expenditure records. The case references a prior bidding war among streamers and at least one celebrity investor.
Read at Business Insider
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