Filmmaker Faces Fraud Charges in Netflix Scheme

In the US, federal authorities have charged filmmaker Carl Erik Rinsch for allegedly misusing $11 million given by Netflix to produce a series. Instead of investing in the sci-fi project "Conquest," he reportedly gambled the funds on stocks and crypto, resulting in colossal losses. This high-stakes misuse has resulted in fraud and money laundering charges against him, raising potential 20-year sentences for each charge. While Rinsch's lawyer remained tight-lipped amid the unfolding scandal, the case now moves through New York's federal court system.