Money Laundering Control Act

In March of 2025, Rinch was arrested in Los Angeles and indicted in relation to the Netflix project.

He was charged with one count each of wire fraud and money laundering and five counts of, quote, engaging in monetary transactions and property derived from specified unlawful activity in violation of the Money Laundering Control Act.

According to an unsealed 12-page FBI indictment, which sounds so sexy when I say it, Rinsch was accused of misusing $11 million, which was given to him by Netflix, and that he claimed, of course, that he would use to make a TV series.

But instead, the money was spent on, quote, extremely risky investments, to say the least.

So Joaquin could actually move money for the drug cartel legally, if you could believe that.

But in 1986, during the Reagan administration, Congress passed the Money Laundering Control Act alongside the Anti-Drug Abuse Act.

For the first time, major forms of money laundering involving criminal proceeds became specific federal crimes.

And according to Joaquin, that's when he decided, I'm done.