Hollywood Director Arrested for Allegedly Defrauding Netflix of $11 Million

Hollywood filmmaker Carl Erik Rinsch was arrested and charged with defrauding Netflix out of $11 million. He was producing a sci-fi series, "Conquest," but allegedly misused the funds for cryptocurrency speculation, luxury hotels, and high-end cars. The director's erratic on-set behavior and subsequent divorce from his wife contributed to the unraveling of the project. Despite claiming Netflix owed him money after the show's cancellation, an arbitrator ruled against him, ordering him to repay $11.8 million.