Hollywood director Carl Rinsch sentenced to 30 months for diverting $11 million in TV production funds to stock options, crypto and luxury purchases
Hollywood director Carl Rinsch sentenced to 30 months for diverting $11 million in TV production funds to stock options, crypto and luxury purchases
Hollywood director Carl Erik Rinsch was sentenced to 30 months in prison for stealing $11 million from a streaming service, which he had requested to complete a science-fiction series before diverting the funds into stock options, cryptocurrency speculation, and luxury purchases, according to the DOJ.Rinsch, best known for directing “47 Ronin,” lost more than half the stolen funds on failed stock trades within two months before spending what remained on luxury goods.