While Rolling Stone’s summary of how Rinsch used the money isn’t wrong, it also undersells just how ridiculous his spending actually was. The Guardian, however, went a little deeper, explaining more about what Rinsch was accused of doing. And while I don’t actually believe he wanted to get caught, come on, my man. Stuff like this is just asking to get caught:
But instead of putting the money toward the show, Rinsch steered the cash to a personal account where he made a series of failed investments, losing around half of the $11m in a couple months, according to prosecutors. He then put the remaining funds into the cryptocurrency market, netting some profit, though Rinsch then deposited the money into his own bank account.
Then came the lavish purchases, prosecutors said, with Rinsch buying five Rolls-Royces and one Ferrari, along with $652,000 on watches and clothes. He also bought two mattresses for about $638,000 and spent another $295,000 on luxury bedding and linens. In addition, he used some of the money to pay off about $1.8m in credit card bills, prosecutors said.
One Rolls-Royce and a Ferrari, maybe. Watches and clothes, sure. But five Rolls-Royces? Really? Unfortunately, we don’t even really have time to dwell on that part, because this man SPENT $638,000 ON TWO MATTRESSES AND ANOTHER $295,000 ON LUXURY BEDDING AND LINENS. WHAT THE HELL?!?!
Sorry, something happened to my brain just now, and I completely glitched out. I’ll probably never spend Car Money on a watch, but I can at least accept that a teeny tiny machine that takes more than 1,000 hours to produce by hand can cost big money, especially if you also throw in a case made from precious metals. But you want me to believe it’s possible for a mattress to cost $300,000? Seriously? Why would you even want that?
Turns out, not only is it possible to spend House Money on a mattress, but a company called Hästens will happily sell you a single bed set that costs $1 million. I’m not going to claim I know the exact point where you officially have too much money, but if you spend $1 million on a single bed set, I think we can all agree you’re well past that point.
