Hollywood drama isn't just for the big screen anymore! Meet Carl Erik Rinsch, the man behind the camera of “47 Ronin,” who's now making headlines for all the wrong reasons. Picture this: a blockbuster script about a director who allegedly swindles a cool $11 million from a top streaming giant and turns it into a wild ride of crypto trading and luxury shopping sprees. Sounds like a movie plot, right?
Rinsch, who's been arrested in the glitzy streets of West Hollywood, has been accused of pulling off a real-life thriller by diverting funds meant for his sci-fi series, “White Horse.” The prosecutors say he inked a deal back in 2018 to bag $44 million for the show. But come 2019, he asked for an extra $11 million and instead of using it for the series, he allegedly took a detour into the world of risky trades and crypto adventures, losing more than half of it in just two months.
But the plot thickens! Rather than regrouping and focusing on the show, Rinsch is said to have gone on a luxury shopping spree. Imagine spending $1.8 million on credit card bills, $1 million on lawyers for lawsuits and a divorce, and nearly $400,000 on fancy hotel stays. Not to mention the eye-popping $3.8 million on lavish furniture and antiques, including two mattresses that could put the most extravagant Hollywood beds to shame!
And it doesn't stop there. We're talking five Rolls-Royces, a Ferrari, and a closet full of designer watches and clothes, all totaling in the millions. It's a tale of opulence that even the most seasoned Hollywood insiders would find hard to believe.
Rinsch is facing some serious charges now, including wire fraud and money laundering. If found guilty, he could be looking at up to 20 years behind bars for each major charge. But this isn't his first rodeo with controversy. Just earlier, in 2023, he allegedly turned $4 million into a $27 million jackpot with a Dogecoin gamble, only to splurge on high-end luxury again.
So, if you're looking for a juicy Hollywood scandal with a twist of crypto chaos, Carl Erik Rinsch's story is the blockbuster you didn't know you needed! Stay tuned as this real-life saga unfolds.
