00:00Some updates from the world of entertainment now.
00:03Hollywood writer-director Karl Rinch was sentenced to two and a half years in prison
00:08after being convicted of defrauding Netflix out of $11 million for a never-finished sci-fi series.
00:16Supporters, including Keanu Reeves, had asked the court to show him leniency.
00:21Rinch was convicted in December of federal wire fraud and other charges.
00:26According to prosecutors and trial testimony,
00:28he told the studio that he needed $11 million to finish a so-called white horse
00:37but diverted the money into a personal account.
00:40He ultimately spent whopping sums on luxury cars, watches, clothes and household goods,
00:46including $638,000.
00:50And that was just on two mattresses.
00:53Rinch and his lawyers told the court that his behavior was fueled by mental health struggles
00:58and medication problems, which they said he is now addressing with a new care provider.
01:04His psychological troubles were not described in court,
01:07and he and his lawyers declined to detail them afterward.
01:12Prosecutors argued that Rinch, who also owes about $11 million in restitution,
01:17should serve five years in prison.
01:21Prosecutors said Netflix initially paid Rinch about $44 million for White Horse in 2018 and 2019,
01:30then provided another $11 million in 2020 after he said he needed more money to wrap up production.
01:38According to prosecutors and witnesses' testimony,
01:41instead of putting that money toward the show,
01:44Rinch steered the cash to a personal account and made a series of failed investments,
01:49losing around half the $11 million in a couple of months itself.
01:55They said he put the remaining funds into the cryptocurrency market,
01:59netting some profit which Rinch deposited into his own bank account.
02:03His account is已為有一幅,
02:06but he did not prorogative that his work has been a claim.
02:08He never questioned his outline for his own bank account.
02:08and then he thought he did not plan to protect the氏.
02:08He was engaged with a lot of many otherlassmen in his own bank account.
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