Regardless of the verdict, Netflix is experiencing a $55 million case of buyer's remorse from the Carl Rinsch controversy.

Mariella Moon has been a night editor for Engadget since 2013, covering everything from consumer technology and video games ...

Director Carl Erik Rinsch on September 23, 2015 in Los Angeles, California. (Photo by John Sciulli/Getty Images for Team One, Saatchi LA) John Sciulli/Getty Images Arrested in the City of Angels ...

Carl Erik Rinsch, the director accused of blowing $11 million of Netflix’s money on cars, mattresses, and cryptocurrency, has pleaded not guilty to charges including fraud and money laundering.

Netflix wants its money back. Five years after wiring $11 million to director Carl Erik Rinsch for a sci-fi series that never got made, the streamer is asking for a return on those funds.

Carl Erik Rinsch was arrested earlier this week in West Hollywood and appeared in federal court to face several charges for defrauding the streaming giant, according to the U.S. Department of Justice.