Overview
- Carl Rinsch was convicted in December of fraud and money laundering for diverting production funds and now faces federal sentencing on June 29, 2026.
- Prosecutors and the FBI say Rinsch transferred roughly $10.5–11 million from a production account into personal accounts and spent the money on luxury cars, cryptocurrency and designer goods.
- Netflix spent tens of millions on the unfilmed series White Horse/Conquest, with reporting citing about $72 million invested overall and an $11 million top‑up that is central to the charges.
- Rinsch’s defense has asked the judge for a noncustodial or reduced sentence, arguing this was his first criminal offense and that his career has been effectively destroyed.
- Keanu Reeves submitted a personal letter asking for mercy that was filed by Rinsch’s legal team and contains redacted passages; courts are expected to address restitution as part of the June 29 hearing.