Netflix Lost $55m On a Scrapped Sci-Fi Series (& Just Won A Major Legal Victory Against the Director)

A New York jury convicted director Carl Rinsch, known for ’47 Ronin,’ of wire fraud for defrauding Netflix out of more than $11 million (according to Deadline). Rinsch could face up to 90 years in prison, with sentencing scheduled for April 17, 2026. U.S. Attorney Jay Clayton stated that Rinsch misused the $11 million, gambling it on risky stock and cryptocurrency investments, and that this conviction demonstrates accountability for those who steal from investors.








