Money was transferred to encryption deals, and luxurious pride

Karl Erik Rinsh, director of 47 Ronin, was arrested on March 18 in West Hollywood, California, after being accused of fraud in wires and money laundering.

Prosecutors claim that he offended the use of $ 11 million from the main broadcast service, which is intended for the scientific TV series “White Horse”, on the encryption trade.

Fraud of $ 11 million

According to the indictment, Rinsch reached a deal with the broadcasting platform in 2018, where he got $ 44 million to complete the production of White Horse. In 2019 and early 2020, he requested an additional $ 11 million, and was transferred to his company on March 6, 2020.

in statementAmerican lawyer Matthew Podolski said:

As he claimed, Karl Eric Rinsh organized a plan to steal millions by seeking a major investment from the video broadcast service, claiming that the money would be used to finance a TV show that he was creating. But this was a fantasy. “

Instead of using the money as intended, transfer it through various accounts before storing them in a personal mediation account. Then he participated in trading speculative securities, but lost more than half of the money within two months.

Instead of redirecting the remaining money to the offer, it was claimed that RINSCH turned into a encryption trade and continued to make exorbitant personal purchases. Prosecutors say that he spent approximately $ 1.8 million on credit card payments, and a million dollars on legal fees for lawsuits against broadcasting and divorce service, and $ 395,000 on luxury hotel residences and real estate rental.

Moreover, Netflix manager spent $ 3.8 million on furniture and antiques, including $ 638,000 on ranks and $ 295,000 on luxury bed. Its purchases also included five Rolls -Royce and Ferrari, totaling $ 2.4 million and $ 652,000 on designer hours and clothes.

Attractive to Rinsh

The 47 -year -old has been charged with fraud on wires, money laundering, and five charges related to dealing in financial transactions involved in criminal property. If convicted, he faces up to 20 years in prison for fraud in wires, 20 years for money laundering, and 10 years for each financial treatment fee.

This is not the first meeting of Rinnish with the controversy. In 2023, the director of “Al -Fateh” was said to have received $ 4 million from the exhibition’s budget for investment in Dogoin, and received a return of $ 27 million.

Like the current issue, the profits of its encryption were followed by the luxurious spending. RINSCH has spent approximately $ 9 million on luxury purchases, including upscale furniture, designed clothes, $ 380,000, and luxury vehicles.