Director Carl Erik Rinsch has been charged with fraud and money laundering for taking $11 million from Netflix and spending it on luxury cars, antique furniture and mattresses.
Rinsch sought the funds to complete "White Horse," a science fiction television series that was never completed, according to the indictment.
Instead, he allegedly used the money to make "extremely risky investments," pay for stays at the Four Seasons and other luxury purchases, and hire lawyers to sue Netflix.
Rinsch, 47, was arrested Tuesday in West Hollywood, according to a statement from the U.S. Attorney's Office for the Southern District of New York.
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