Carl Rinsch’s case centers on the collapse of his Netflix project White Horse aka Conquest, in which he was entrusted with a large production budget but allegedly misused significant portions of the funds. Instead of directing the money toward the series, Rinsch reportedly diverted millions into personal luxury purchases and high-risk options trading, losing vast sums before briefly recovering money through a lucky market swing. As production stalled and the show failed to materialize, Netflix and former crew members accused him of financial misconduct, mismanagement, and erratic behavior.