Hollywood director Carl Erik Rinsch has been sentenced to 30 months in prison after being convicted of def√@uding streaming company Netflix of $11 million.

Rinsch was found guilty in December on charges including wire fraud, money laundering, and other related offences connected to an unfinished science-fiction series initially titled White Horse and later renamed Conquest.

According to prosecutors, Netflix paid Rinsch approximately $44 million between 2018 and 2019 for the project. In 2020, the company reportedly provided an additional $11 million after he claimed he needed more funding to complete production.

However, investigators said the funds were diverted to Rinsch’s personal account rather than being used for the series. Prosecutors alleged that he invested the money and lost about half of it within a few months through unsuccessful trades.

They further stated that the remaining funds were invested in cryptocurrency, generating profits that were later transferred into his personal bank account.

Prosecutors said Rinsch subsequently spent the money on luxury items, including five Rolls-Royce vehicles, a red Ferrari, watches and clothing worth $652,000, expensive mattresses, and approximately $295,000 on luxury bedding and linens. He also allegedly used part of the funds to settle around $1.8 million in credit card debt.

During sentencing, U.S. District Judge Jed S. Rakoff said Rinsch’s mental health challenges “may explain some of the excesses” but don’t “detract from the court’s conclusion that he was determined to lie to get substantial monies from Netflix, lie to cover it up.”

Rinsch is widely known for directing the 2013 film 47 Ronin.