Film director Carl Erik Rinsch seems to have landed in hot water. He has been indicted by the Justice Department on the grounds of money laundering and fraud.

The saga allegedly involves Carl Erik Rinsch losing millions of dollars in securities trades, making that money back in cryptocurrency investments and using the profits to sue Netflix for additional funds he said he was contractually obligated to complete 'White Horse.

Hollywood filmmaker Carl Erik Rinsch, known for directing “47 Ronin”, was arrested Tuesday (March 18) on charges that he swindled $11 million from Netflix for a sci-fi show that never aired, instead steering the cash toward cryptocurrency investments and a series of lavish purchases that included a fleet of Rolls-Royces and a Ferrari.