Night Watch: The $55 Million Netflix Mirage of Carl Rinsch

A $55 million Netflix deal was supposed to launch an ambitious sci-fi series. Instead, it unraveled into a federal fraud case. Director Carl Erik Rinsch was handed unprecedented creative control and millions to finish his show—but prosecutors say the money was quietly diverted into risky stock trades, cryptocurrency bets, and an extravagant personal spending spree while the series remained unfinished.

Katie Ring breaks down how the project collapsed, where the money allegedly went, and how a Hollywood deal turned into wire-fraud and money-laundering convictions.

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