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

A federal jury convicted director Carl Erik Rinsch in December 2025 of diverting Netflix's entire $11 million advance for the science-fiction series *White Horse* to personal accounts and risky investments. He lost over half the funds through trading before production began. Sentencing is set for April 17, 2026, with federal guidelines pointing toward substantial prison time and restitution.