The director was convicted of defrauding Netflix of $11 million

Hollywood director Karl-Erik Reinsch has been found guilty of defrauding Netflix of $11 million out of spending on luxury goods, including five Rolls Royce cars and a Ferrari, it was reported. earlier before Delivery time. A New York jury convicted Wrench of several charges on Thursday, including fraud and money laundering.

Wrench is known for directing 47 ronin, He was charged with fraud in March After prosecutors said he stole $11 million he received from Netflix to complete an upcoming sci-fi series called White horse (Later renamed Conquest). The series revolves around a genius who invents a human-like being called organic intelligence, and things go very wrong. according to New York Times.

Instead of setting aside the money to end the series, prosecutors say he used the money to make a series of investments, losing “more than half” of that money in less than two months. He then spent the rest of his money investing in cryptocurrencies and luxury items, including “at least $3.3 million worth of furniture, antiques, and mattresses; at least $387,000 on a Swiss watch; and at least $2.4 million on five Rolls-Royces and a red Ferrari.”

Rensch is scheduled to be sentenced on April 17, 2026.