Director Carl Erik Rinsch Charged For Fraud In $11M Scheme Over Unfinished Netflix Sci-Fi TV Series

The Justice Department has charged Carl Erik Rinsch, the director of 47 Ronin who struck a deal with Netflix to make a sci-fi series he never delivered, for defrauding the company out of $11 million.

In an indictment filed on Tuesday, prosecutors for the Southern District of New York said Rinsch spent funds meant for the show in risky securities trades. He then allegedly used millions of dollars in profits from the investments to sue Netflix for further payments to finish the show and purchase luxury goods.