Carl Rinsch, who directed Keanu Reeves action film 47 Ronin, was convicted on fraud and money laundering charges

A Hollywood director was convicted Thursday on charges that he scammed Netflix out of $11m for a show that never materialized, while he instead used the cash for lavish purchases that included several Rolls-Royces, a Ferrari and about $1m in mattresses and luxury bedding.

Carl Rinsch, best known for directing the film 47 Ronin starring Keanu Reeves, was convicted of wire fraud, money laundering and other charges, according to court records and a spokesperson for federal prosecutors in New York.