Carl Erik Rinsch, known for directing the film "47 Ronin," is charged with wire fraud and money laundering for allegedly spending millions meant to fund a Netflix sci-fi series.

Director Carl Erik Rinsch sold Netflix a sci-fi series. Instead of finishing it, prosecutors allege he spent some of the streamer's money on his own investments, luxury rentals, five Rolls-Royces, a Ferrari,

Hollywood Director Carl Erik Rinsch is alleged of fraud and money laundering in connection with $11M Netflix scam.