Fyre festival co-founder sentenced to six years in prison

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Fyre festival co-founder sentenced to six years in prisonFyre Festival Founder Sentenced Si Years Prison

Billy McFarland, the disgraced organizer of 2017’s now infamous Fyre music festival has been sentenced to six years in federal prison. Billed as as ultra-luxe festival experience featuring names like Disclosure and Major Lazer, the ill-fated endeavor was a legal and logistical nightmare of viral proportions. The fest left defrauded investors and outraged fest-goers both clamoring angrily for their money back, with hundreds stranded on an island with everything from tent fires to packs of wild dogs.

McFarland and rapper Ja Rule’s joint dumpster fire set off a string of lawsuits and unfathomably shady business practices that culminated with McFarland’s arrest on wire fraud charges in June of of 2017. The disgraced businessman settled with the SEC for a whopping 27.4 million as part of his plea deal, which included a reduced sentence. The legend of the most epic fest fail of all time has only grown since, spawning everything from a sold out NYC merch pop up to a Hulu docuseries. The legal saga may be over, but the infamous tale of Fyre fest is sure live on.

Photo Credit: Natan Dvir

BREAKING: Fyre Fesitval Founder, Billy McFarland Sentenced To 6 Years In Federal Prison

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Fyre Festival attempted to take place almost 18 months ago now. The failed destination festival put on by Ja-Rule and Billy McFarland is best known for stranding hundreds of ticket holders on a small Bahamian island. The island which was advertised as a tropical paradise by influencers such as the Kardashians and Bella Hadid did

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Fyre Festival Promoter Billy McFarland Sentenced To 6 Years In Prison

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The promoter of a botched, highly publicized music festival in the Bahamas has been sentenced to six years in prison. More »

Fyre Festival Promoter’s Lawyer Asks For Lenient Sentence, Citing Mental Illness

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A lawyer says mental illness caused the promoter of a failed music festival to rip off investors and commit other crimes. Attorney Randall Jackson urged a Manhattan judge Friday to be lenient at Billy McFarland’s October sentencing. McFarland pleaded guilty earlier this year to defrauding investors in the 2017 Fyre Festival in the Bahamas and … More »

Fyre Fest’s Billy McFarland Pleads Guilty To New Fraud Charges

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Billy McFarlandThe promoter of a failed music festival has pleaded guilty to charges that could result in a prison sentence of over a decade. The plea entered Thursday by Billy McFarland came after prosecutors brought new charges alleging he was selling fraudulent tickets to fashion, music and sporting events. The 26-year-old McFarland, a Manhattan resident, previously … More »

Fyre Festival founder Billy McFarland settles with SEC for $27.4 million

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Fyre Festival founder Billy McFarland settles with SEC for $27.4 millionBilly Mcfarland Ticket Scam Wire Fraud Grammys Coachella

The Fyre Festival shenanigans have finally come to an end as the founder and potential one-percenter island paradise provider Billy McFarland has accepted a plea to the tune of $27.4 million for the doomed disaster.

While news of McFarland’s legal battles don’t outright confirm whether or not he’ll be serving jail time, McFarland’s plea does come on the heels of him already accepting a guilty plea on two counts of wire fraud earlier this year. Essentially, the Securities and Exchange Commission (SEC) has ensured that McFarland may never serve as an officer or a director of a public company again. Part of the SEC’s latest press release reads as follows:

“McFarland induced investors to entrust him with tens of millions of dollars by fraudulently inflating key operational, financial metrics and successes of his companies, as well as his own personal success – including by giving investors a doctored brokerage account statement purporting to show personal stock holdings of over $2.5 million when, in reality, the account held shares worth under $1,500.”

McFarland and investors Margolin and Simon have all been charged with “violating the antifraud provisions of the federal securities laws,” and the three have all accepted the plea deals they have been offered.

H/T: The Verge

SEC Settles $24.7M Fraud Case Against Fyre Festival Founder Billy McFarland

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The United States Security and Exchange Commission announced Tuesday (7/24) it has settled charges against Fyre Festival founder Billy McFarland and his associates. New York entrepreneur McFarland, along with two companies he founded (Fyre Media and credit card company Magnises), a former senior executive and a former contractor were charged with fraud for misleading over … More »

Fyre Festival founder ordered to pay two attendees $5 million

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Fyre Festival founder ordered to pay two attendees $5 millionBilly McFarland Fyre Fest Billboard 1548

More than a year after the train wreck that was Fyre Festival, Seth Crossno and co-plaintiff Mark Thompson have won their lawsuit against the disastrous event’s founder, Billy McFarland. The blogger who chronicled the vastly underdelivered Bahamian event, Crossno, and Thompson are the first festival victims to win a suit against McFarland. Their attorney Stacy Miller told Vice News, “I think there’s going to be a lot of people looking to collect, but we’ll be first.” Miller has delivered, to the tune of $5 million.

Together, the two men paid $13,000 for travel, accommodations, and luxury VIP passes. As it goes, Crossno and Thompson ended up on a storm-ridden island with disheveled tents, sandwich lunches with less dignity than prison food, and none of the “glamorous” amenities that lured high-rolling festival goers in from all over the world. According to Miller, each plaintiff was awarded $1.5 million in compensatory damages for hotels, flight, mental anguish, pain, and suffering in addition to $1 million in punitive damages.

The win came after McFarland failed to show up to court for over a year, piling on his current jail sentencing stemming from two counts of wire fraud. These new charges were brought against Ja Rule‘s “tech buddy” since the Fyre Festival incident, alleging he was still scamming people while out on bail. Old habits don’t die quick enough, it seems.

As to whether or not McFarland will be able to pay the plaintiffs, Miller seems optimistic. Despite failing to pay attorneys and crisis management groups for their services, a recent motion filed by federal prosecutors in McFarland’s criminal case suggests he has cash tucked away and makes $40,000 per month from freelance work.

Vice News also reported Crossno recently applied for the expired Fyre trademark, working on a new podcast called “Dumpster Fyre,” where he will discuss his hellish experience in depth.

H/T: Billboard, Vice

Two Fyre Fest Attendees Win $5M Settlement For Their Suffering

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Billy McFarlandFyre Fest is truly the schadenfreude that keeps on giving. The disastrous island music festival getaway was well over a year ago, but its fallout remains ongoing. Founder Billy McFarland (pictured) pled guilty to wire fraud earlier this year and recently had his bail revoked. Now the first of what could be … More »

Fyre Festival’s Founder Arrested Again On Fraud Charges

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Things aren’t looking good for Fyre Festival’s promoter Billy McFarland. Last year the entrepreneur was placed under arrest after he charged exorbitant ticket prices for what turned out to be a fake luxury music festival in the Bahamas. This past Tuesday, McFarland was arrested again and charged with earning $100,000 by selling fake tickets to

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