Obviously, the didn't use any of the $11 million for haircuts

 

Headline:  New York Times, 12/11/2025

Michael Levenson and John Carreyrou report:

Prosecutors said the filmmaker, Carl Erik Rinsch, 48, secured funding from Netflix from 2018 to early 2020 to make the series, which was initially called “White Horse” and renamed “Conquest.” But he put the money in a personal brokerage account and used it to trade securities instead of putting it toward the production, prosecutors said. 

Netflix canceled development for the show in early 2021 after Mr. Rinsch’s behavior turned erratic. In texts and emails to Netflix executives, he claimed to have discovered Covid-19’s secret transmission mechanism and told his wife, a producer on the show, that he could predict earthquakes and lightning strikes. [emphasis added]