Carl Erik Rinsch, the director accused of blowing $11 million of Netflix ’s money on cars, mattresses, and cryptocurrency, was found guilty Thursday of defrauding the streaming service.

The director was convicted of wire fraud, money laundering, and making illegal transactions following the one-week trial, where both Netflix executives and Rinsch himself took the stand.

Netflix hired Rinsch, who previously made the film 47 Ronin , to write and direct a sci-fi series called White Horse (later renamed Conquest ) in 2018. Despite Netflix pouring $55 million into the project, the director never delivered a single episode. Rinsch later asked Netflix for an additional $11 million in funding, which — a New York Times report and later the indictment alleged — he used to gam

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