Netflix entrusted him with more than 70 million for a series. He came with zero episodes and a luxury mattress bill of 638,000 dollars.

Netflix has been defrauded of millions of dollars by director Carl Rinsch, who was found guilty of swindling the streaming giant out of $11 million. This case highlights the vulnerabilities within large-scale media projects and raises questions about financial oversight in the digital entertainment sector. The fraud involved a science fiction series that never materialized, underscoring the risks associated with investing in unproven creative ventures. Rinsch was initially granted over $61 million for the production of a sci-fi series called 'White Horse', later renamed 'Conquest'. Despite significant investment and reported filming in Uruguay, Brazil, and Hungary, the project failed to produce any episodes. The director requested an additional $11 million, which was granted, and subsequently transferred funds to personal accounts. The impact of this fraud extends beyond financial losses, potentially damaging Netflix's reputation and raising concerns about its internal financial controls. This case affects investors and stakeholders in the entertainment industry, as they will be more cautious in their investments. The incident also serves as a cautionary tale for the digital entertainment industry, highlighting the need for stricter financial oversight and due diligence.