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flag Carl Rinsch convicted for diverting $11M from Netflix’s "White Horse" for luxury spending and losses.

flag Hollywood director Carl Rinsch was convicted on all counts of wire fraud and money laundering for allegedly diverting $11 million from Netflix intended for the unfinished sci-fi series "White Horse." flag Prosecutors said he used the funds for luxury purchases, including multiple high-end vehicles, watches, clothing, and nearly $1 million on mattresses and bedding, as well as paying off $1.8 million in credit card debt and losing about half in speculative investments. flag Rinsch, known for directing "47 Ronin," faces sentencing in April. flag Netflix declined to comment.

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