Welcome to today’s wild ride into Hollywood scandal! Imagine being handed millions of dollars to make a sci-fi show, only to blow it all on Dogecoin, luxury cars, and… mattresses? That’s exactly what director Carl Erik Rinsch did—allegedly. With dreams of creating a Netflix sci-fi series called White Horse, Rinsch convinced the streaming giant to give him $55 million, but instead of delivering a show, he spent $11 million on personal expenses and investments, including a $4 million bet on Dogecoin that turned into $27 million. The FBI has now charged him with fraud, wire fraud, and money laundering. While White Horse will never see the light of day, Rinsch’s chaotic spending spree—featuring five Rolls Royces, a Ferrari, and two mattresses costing over $600,000—is a saga worthy of its own Netflix documentary.

Key Points:

• The Deal: Netflix funded Rinsch’s project White Horse, a sci-fi series about super-intelligent clones, to the tune of $55 million.
• The Fraud: Instead of finishing the show, Rinsch diverted $11 million into personal accounts and bad investments.
• The Dogecoin Gamble: He spent $4 million of Netflix’s money on Dogecoin—and cashed out big, making $27 million.
• The Spending Spree: Bought five Rolls Royces, a Ferrari, and two high-end mattresses worth $638,000. Also spent $1 million on lawyers.
• The Charges: The FBI has hit him with wire fraud, money laundering, and financial crimes—potentially decades in prison if convicted.
• Netflix’s Loss: With White Horse lost forever, the cast and crew's efforts were wasted in what became a spectacular Hollywood financial disaster.

So, was Rinsch an ambitious creator gone rogue or just a crypto-obsessed con artist? Either way, Netflix certainly got nothing for its millions—except one of the most bizarre fraud cases in entertainment history.
Link to Article