A Hollywood writer-director was arrested on Tuesday in allegations that he cleaned $ 11 million from Netflix for a science-fi show, which never broadcast, instead a series of steering and grand procurement of cash towards cryptocurrency investment consisting of a fleet of rolls-rolls and a Ferrari.

Carl Eric Rinsch is probably known for directing the film 47 Ronin – but has been accused of wire fraud and money laundering, alleging that federal prosecutors alleged that there was a plan to cheat streaming veterans.

The prosecutors said that Netflix initially paid about $ 44 million to buy an incomplete show, which was required to purchase from a rinsch called White Horse, but finally he needed another $ 11 million after the need for additional cash to complete the show.

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According to the prosecution, instead of using additional funds to wrap the production, Rinins quietly shifted the money to an individual brokerage account, where they created a series of unsuccessful investments, which lost about half of $ 11 million in two months.

The filmmaker then thrown the remaining money into the Cryptocurrency market, which proved to be a profitable step, Rininsch eventually transferred the earnings to an individual bank account, according to an indictment.

From there, Rinsch spent about $ 10 million on personal expenses and luxury items, which included about $ 1.8 million on the credit card bill, according to prosecutors; $ 1 million on lawyers to sue Netflix for more money; $ 3.8 million on furniture and antiquities; $ 2.4 million for five roll-roses and a Ferrari; And $ 652,000 on watches and clothes.

Rinsch, 47, was arrested in West Hollywood, California, and a preliminary court hearing on Tuesday.

He appeared in a federal court in Los Angeles with a turtlene sweater and a hut on his arms and legs. He did not enter a petition and talked about answering only one judge’s questions. Asked if he would read the prosecution against him, he said “not covering to cover” but the judge said he understands the allegations.

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American Magistrate Judge Pedro V. Castillo ordered that he was released later on Tuesday when he agreed to post a $ 100,000 bond, to assurance that he would appear in court in New York, where he was filed.

His newly appointed Attorney, Annie Carney refused to comment outside the court. He said during the hearing that he had not yet seen evidence of prosecution against Rinsch. Discussing the terms of his release, he said, “The allegations in this case are purely financial.”

The date of Rinsch’s New York Court was not yet determined.

Netflix refused to comment.