Netflix Director Convicted of $11 Million Fraud on 'White Horse' Series

A federal jury in December 2025 convicted director Carl Erik Rinsch on all counts of diverting the full $11 million Netflix advanced for the science-fiction series *White Horse* to personal accounts, luxury purchases, and speculative investments. By April 2020, he had lost more than half the funds through trading before production could meaningfully begin. Rinsch faces sentencing April 17, 2026, with likely restitution and substantial prison time under federal guidelines.