The Strange $55 Million #Saga of a #Netflix #Series You’ll Never See

source: https://www.nytimes.com/2023/11/22/business/carl-rinsch-netflix-conquest.html

Soon after he signed the contract, Mr. Rinsch’s behavior grew erratic, according to members of the show’s cast and crew, texts and emails reviewed by The New York Times, and court filings in a divorce case brought by his wife. He claimed to have discovered #Covid-19’s secret transmission mechanism and to be able to predict lightning strikes. He gambled a large chunk of the money from Netflix on the stock market and cryptocurrencies. He spent millions of dollars on a fleet of Rolls-Royces, furniture and designer clothing.

Mr. #Rinsch and Netflix are now locked in a confidential arbitration proceeding initiated by Mr. Rinsch, who claims the company breached their contract and owes him at least $14 million in damages. Netflix has denied owing Mr. Rinsch anything and has called his demands a shakedown.

#47Ronin #movie #entertainment #money #finance #problem #conspiracy #fail #business #crypto #covid #health #Hollywood #streaming #epic #story