Hollywood director arrested on charges of swindling Netflix out of $11M for a show that never aired

Director Carl Erik Rinsch was arrested for allegedly cheating Netflix out of $11 million by spending the money on personal expenses, including cryptocurrency investments, luxury cars, and designer clothes. Rinsch had been paid $44 million by Netflix for an unfinished show, but requested an additional $11 million to complete it. Rinsch was released on $100,000 bond and his next court hearing in New York is pending.