- Fyre Festival organizer Billy McFarland pleaded guilty to wire-fraud charges in March.
- The 26-year-old was arrested in June 2017 after being accused of misleading investors who poured more than $1 million into Fyre Media.
- McFarland admitted he defrauded 80 investors and a ticket broker out of more than $26 million.
- On June 12, McFarland was arrested on charges of running a fraudulent ticket-selling enterprise called NYC VIP Access while out on bail.
- Here’s a look back at what happened.
The founder of the nightmarish Fyre Festival that left hundreds of attendees stranded in the Bahamas pleaded guilty to two counts of wire fraud in March.
Now, he’s facing fresh charges that he ran a separate, fraudulent ticket-selling company while out on bail.
26-year-old Billy McFarland admitted to defrauding a ticket broker and 80 investors in Fyre Media, a company that he founded and that was responsible for putting on the Fyre Festival. Prosecutors alleged that McFarland used falsified documents to trick investors in a $26 million scheme.
As a result, McFarland could spend eight to 10 years in prison in addition to paying a fine of up to $300,000, according to Bloomberg.
But on June 12, he was arrested again on charges of selling fake tickets under a different company, called NYC VIP Access, starting in 2017. If convicted on the additional fraud charges, McFarland could face an extended prison sentence, likely of an additional two years, according to Time.
Fyre Festival promised to offer attendees a VIP experience when they set off to Great Exuma in the Bahamas. But the reality was very different, as attendees encountered delayed flights, half-built huts to sleep in, and cold cheese sandwiches to eat. And that doesn’t even include the disastrous trip home.
The luxury festival — tickets for which started at $1,200 — was advertised as two weekends in paradise, but it turned into a nightmare. Take a look at festivalgoers’ expectations compared with the reality they encountered, which is currently being developed into a TV series for Hulu.
And here’s the full Fyre Festival promo video:
The three-day party was supposed to be on a private beach on the island of Great Exuma in the Bahamas.
It was supposed to be over two weekends in 2017: April 28-30 and May 5-7.
It was described as an “immersive music festival.”