Carl Erik Rinsch, known for directing the film "47 Ronin," is charged with wire fraud and money laundering for allegedly spending millions meant to fund a Netflix sci-fi series.

Director Carl Erik Rinsch sold Netflix a sci-fi series. Instead of finishing it, prosecutors allege he spent some of the streamer's money on his own investments, luxury rentals, five Rolls-Royces, a Ferrari,

Hollywood director and writer Carl Erik Rinsch is accused of stealing more than $11 million from Netflix for a sci-fi show, "White Horse," that never aired, according to the U.S. Department of Justice.