A Hollywood director who took $11 million from Netflix to finish a TV show, then gambled it on crypto, is heading to prison.
That windfall funded a spending spree. Rinsch bought five Rolls-Royces and a Ferrari, a $388,000 Vacheron Constantin watch, and millions more in furniture, antiques, and designer clothing, some $8.7 million in all, according to a forensic accountant hired by his ex-wife. Rather than return the money, he sued Netflix for more than $14 million he claimed he was owed; an arbitrator ruled against him.
Hollywood Director Guilty of Scamming Netflix out of $11M, Spending It on Crypto
