Carl Rinsch is going to prison for several years.
The director of 47 Ronin has been sentenced to 30 months in prison after being found guilty on all charges for his role in an $11 million fraud scheme against Netflix.
Carl actually lucked out because he received a sentenced on the lower-end of the guidelines. While prosecutors recommended that he receive a 60-month sentence, he faced up to 90 years behind bars.
THR reports that Carl was found guilty of “wire fraud, money laundering and multiple counts related to engaging in illegal monetary transactions.” He used the money given to him by Netflix to create sci-fi series White Horse to instead make risky investments on the cryptocurrency market. The outlet reports he used “profits from those investments to sue Netflix for further payments to finish the show and purchase luxury goods.”
An untreated mental health condition was discovered and Judge Jed Rakoff used that as his reasoning for a light sentence.
“The perhaps improper medication Mr. Rinsch received may have played a role,” Rakoff said. “But he was determined to lie to get substantial moneys from Netflix, cover it up through money laundering and lies. That was brought home to the court by his testimony. So, prison is required.”
47 Ronin actor Keanu Reeves wrote a letter to the court asking for leniency for Carl.
“I am, of course, not a therapist or psychologist. I write instead as an artistic peer of Carl’s, and as a friend. In my opinion, Carl can self-sabotage by amplifying the scale, scope and landscape of what had been negotiated, accordingly placing himself and his counterparties at odds.”
Netflix seeks the return of $4.4 million in legal fees.
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