There is very little Keanu Reeves can’t do, but even the best efforts and intentions of the John Wick superstar couldn’t save his 47 Ronin director for serving time behind bars for scamming Netflix out of millions.
Almost two months after Reeves wrote to Judge Jed Rakoff asking that Carl Rinsch’s sentence might be “tempered with measures of leniency and mercy as well as justice,” the same federal judge handed the first-time-convicted filmmaker 2½ years in prison.
During a hearing Monday in New York City, almost seven months after the clearly troubled Rinsch was found guilty in his fraud and money-laundering trial, Judge Rakoff noted the mental health issues the director was dealing with.
However, the judge’s empathy only went so far.
Stating that Rinsch was “determined to lie” in order to secure tens of millions from Netflix for his never-finished android drama White Horse/Conquest, Rakoff added that it was clear to him the director hoped to “cover it up through money laundering and lies.”
Likely smarting a bit from Monday’s sentence, the U.S. Attorney’s office for the Southern District of New York had sought a more severe prison term for Rinsch. With guidelines offering literally decades behind bars as an option, the still Jay Clayton-run SDNY had wanted to see Rinsch get a minimum of 60 months, or just over five years, for his crimes.
“Carl Erik Rinsch orchestrated a scheme to steal millions by seeking $11 million from a subscription streaming service, falsely claiming that money would be used to finance a television show that he was creating,” said Clayton Monday. “Instead of using the money to make the show, Rinsch made risky bets on highly speculative stock options and cryptocurrency, and spent millions of dollars on luxury goods for himself.”
The prosecutor, who is nominated to be Donald Trump’s next director of national intelligence after a year running SDNY, added. “Today’s sentence sends a deterrent message: fraud will not be tolerated.”
In court today, Rinsch said he was “deeply sorry” for his actions that took the streamer for a very expensive ride during the past several years. “I failed to recognize the danger of the condition I was in,” he said. “I failed to seek help. I accept responsibility.”
The West Coast-based RInsch has been out on a $100,000 bond posted after the Department of Justice indictment against him came down in March 2025.
Despite then-Netflix exec boss Cindy Holland having inked an admittedly off-the-leash (in hindsight) $40 million-plus deal in 2018 for Rinsch’s ambitious project that Reeves vouched for and then the streamer being bilked for another $11 million later, Netflix had no comment on Monday’s sentence.
Five years ago, with only a few teaser clips delivered by final-cut holder Rinsch, Netflix washed its digital hands of White Horse/Conquest. The streamer then wrote off more than $55 million in costs. A couple years later, Netflix won a $12 million arbitration ruling against Rinsch after the filmmaker claimed that the company actually owed him $14 million.
Even with that 2024 ruling and last year’s trial, Rinsch hasn’t paid back Netflix anything, though he still is obliged to. Rinsch also is supposed to pay legal fees, though it’s doubtful that will happen either.
Rinsch’s defense team, which had been advocating to keep their once-highflying and now allegedly broke client out of the clink, did not respond to Deadline’s request for comment after Monday’s sentencing.
