Director Carl Rinsch sentenced to 30 months for defrauding Netflix of $11 million meant for a sci-fi series
The director of '47 Ronin' spent the streaming giant's money on luxury cars, risky trades, and high-end furniture instead of finishing the sci-fi series 'White Horse'.
The sentencing
Carl Rinsch, the American filmmaker behind the 2013 samurai fantasy '47 Ronin', was sentenced on 29 June 2026 to 30 months in federal prison for defrauding Netflix of $11 million. Judge Jed S. Rakoff handed down the term in Manhattan federal court, accompanied by three years of supervised release, a $700 fine, and an order to forfeit $11 million. A jury had already found Rinsch guilty of wire fraud and money laundering in December 2025.
The fraud scheme
Netflix first paid Rinsch $44 million between 2018 and 2019 to produce a science fiction series called 'White Horse'. In March 2020, the streamer transferred an additional $11 million at the director’s request, supposedly for finishing the project. Instead, Rinsch moved the money through multiple accounts and into a personal brokerage. He poured it into highly speculative stock options and cryptocurrencies. While one report claims he made €20 million from crypto trades, prosecutors said he lost more than half the $11 million on risky equity bets in under two months.
- Netflix signs deal with Rinsch for 'White Horse', paying $44 million over 2018-2019
- Netflix transfers additional $11 million at Rinsch’s request for series completion
- Rinsch loses more than half the funds in high-risk stock trades within two months
- Jury finds Rinsch guilty of wire fraud and money laundering
- Judge Jed S. Rakoff sentences Rinsch to 30 months in prison
- Rinsch expected to report to federal prison
Lavish spending
Rather than return what remained to the production, Rinsch used the funds to finance a luxury lifestyle. Court documents list at least $1.7 million in credit card bills, $3.3 million on furniture and antiques, a $387,000 watch, and roughly $2.4 million on five Rolls-Royce vehicles and a Ferrari. Earlier filings also cited $652,000 in clothing and two mattresses costing $638,000. Prosecutor Jay Clayton stated:
Fraud will not be tolerated.
- Credit card bills
- 1.7 $M
- Furniture & antiques
- 3.3 $M
- Luxury watch
- 0.387 $M
- Luxury vehicles
- 2.4 $M
Mental health and pleas for leniency
Defence attorneys argued that Rinsch faced enormous professional pressure and an acrimonious divorce, compounded by untreated mental health issues and medication side effects. His brother Daniel Rinsch wrote to the court about significant changes in his thinking and behaviour from 2019 onward. The actor Keanu Reeves, who starred in '47 Ronin' and became a friend, also sent a letter asking for mercy.
Rinsch himself apologised, telling the court:I hope for a judgment that may be marked by leniency, mercy, and justice.
This process forced me to confront things about myself I didn't fully understand before.
What comes next
Prosecutors had sought a five-year term, describing Rinsch’s motive as pure greed.
Judge Rakoff acknowledged the mental health evidence but noted that the director bought cars under false names, indicating conscious deliberation. The 48-year-old is expected to report to prison in September 2026.Pure greed.
