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. Here’s what the VIP festival was expected to be versus what it actually ended up being.
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.
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 have alleged that McFarland used falsified documents to trick investors in a $26 million scheme.
McFarland may face eight to 10 years in prison plus a fine of up to $300,000, according to Bloomberg.
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: 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:
Youtube Embed:http://www.youtube.com/embed/mz5kY3RsmKoWidth: 560pxHeight: 315pxThe three-day party was supposed to be on a private beach on the island of Great Exuma in the Bahamas. YouTube/Fyre Festival It was supposed to be over two weekends: April 28-30 and May 5-7. YouTube/Fyre Festival It was described as an “immersive music festival.” YouTube/FyreFestival See the rest of the story at Business Insider
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