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Netflix paid millions for a science-fiction series. The trail of its final $11 million payment led to speculative trades, luxury purchases—and a federal fraud conviction. This episode follows Carl Rinsch's White Horse project, the promises behind the final payment, his reimbursement defence, and the court's eventual verdict and sentence. It distinguishes approximately $55 million in project funding from the $11 million at the centre of the criminal case. CHAPTERS 00:00 Five Rolls-Royces 01:10 The Director and the Deal 03:23 Follow the Money 06:45 The Spending and the Defence 08:59 The Verdict and the Sentence 11:26 What the Case Reveals SOURCES Federal indictment, United States v. Rinsch, SDNY: https://www.justice.gov/usao-sdny/media/1393601/dl?inline= DOJ — Arrest and charges, March 18, 2025: https://www.justice.gov/usao-sdny/pr/los-angeles-director-and-writer-charged-11-million-fraud-connection-streaming-science DOJ — Conviction, December 11, 2025: https://www.justice.gov/usao-sdny/pr/hollywood-director-and-writer-convicted-11-million-fraud-subscription-streaming DOJ — Sentencing, June 29, 2026: https://www.justice.gov/usao-sdny/pr/los-angeles-director-and-writer-sentenced-prison-11-million-production-fraud SDNY — Restitution opinion, July 17, 2026 (court-document republication): https://app.midpage.ai/document/united-states-v-rinsch--121ca24b-f75b-45b0-8b92-ecfde7636d00 Associated Press — Sentencing and background: https://apnews.com/article/b7785d64f8a97597f83f2650d8e88a13 Business Insider — Rinsch's trial testimony: https://www.businessinsider.com/netflix-director-carl-rinsch-testifies-11-million-fraud-trial-2025-12 This video uses AI tools for narration and visuals. All facts are based on court records and published reporting. Stock footage is illustrative. The narration discusses the documented conviction and sentence; it does not claim to establish a current prison location or final outcome of any appeal.

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