According to the press release, Rinsch utilized the funds for cryptocurrency as well as “personal expenses and luxury items,” including over $1.7 million in credit card bills, $395,000 for hotel stays, over $3.7 million on furniture and antiques, and over $2.4 million on the purchase of five Rolls-Royces and one Ferrari.

Rinsch was convicted in December on one count of wire fraud and one count of money laundering—both of which carry a maximum sentence of 20 years in prison. He was also convicted of “five counts of engaging in monetary transactions in property derived from specified unlawful activity,” which carries a maximum sentence of 10 years in prison, according to Us Weekly.

Following the December verdict, Rinsch’s attorney Benjamin Zeman shared his thoughts on the decision.

“I think the verdict was wrong and I fear that this could set a dangerous precedent for artists who become embroiled in contractual and creative disputes with their benefactors,” he said, per Variety. “In this case, one of the largest media companies in the world is finding themselves indicted by the federal government for fraud.”