Hollywood director Carl Erik Rinsch was recently found guilty of using an $11 million business investment from Netflix to instead pay for personal luxury goods and six high-priced automobiles.

The United States Attorney’s Office for the Southern District of New York announced on Thursday, December 11, that Rinsch, 49, had been convicted for his role “in a fraudulent scheme” that involved funds he received to complete a science fiction TV show called White Horse, according to a news release.

Instead of using the money for the show, Rinsch used it “to speculate on cryptocurrency, and on personal expenses and luxury items, including at least $1.7 million on credit card bills; at least $3.3 million on furniture, antiques, and mattresses; at least $387,000 on a Swiss watch; and at least $2.4

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