The saga allegedly involves Carl Erik Rinsch losing millions of dollars in securities trades, making that money back in cryptocurrency investments and using the profits to sue Netflix for additional funds he said he was contractually obligated to complete 'White Horse.

Film director Carl Erik Rinsch seems to have landed in hot water. He has been indicted by the Justice Department on the grounds of money laundering and fraud.

A Hollywood director has been arrested and charged with defrauding Netflix out of millions of dollars in connection with a streaming show that was never completed. In an indictment unsealed Tuesday, prosecutors alleged "47 Ronin" director Carl Rinsch engaged in a scheme to defraud Netflix after securing $11 million from the company but not using the money for its intended purpose of completing an unfinished science-fiction series.