Government Accuses Disgraced Fyre Festival Founder Of Starting Another 'Sham' Company

Joann Johnston
June 14, 2018

"In March of 2018, William McFarland pled guilty to defrauding investors and vendors of the Fyre Festival, but it is apparent that he did not stop there", FBI Assistant Director-in-Charge William Sweeney Jr. said in a statement.

Billy McFarland - the entrepreneur behind the controversial Fyre Festival - faces new charges of wire fraud and money laundering.

His lawyer, Randall Jackson, argued Tuesday that McFarland had proven he was no risk to flee by surrendering when he learned Federal Bureau of Investigation agents were looking for him.

According to the Associated Press, Billy McFarland was arrested Tuesday on a new set of charges related to a recent ticketing scam. He also said one of McFarland's colleagues, cooperating with prosecutors, was framing him.

The heavily hyped Fyre Festival was to be a "luxury concert" - taking place on a small island in the Bahamas and featuring Blink-182, Migos and Disclosure - but collapsed on in a mess of disorganization on April 29 before it had even started.

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"We vigorously contest what is in this complaint", his lawyer Randall Jackson told the judge. Then, McFarland's company would allegedly offer those people tickets (at premium prices) to things including the 2018 Met Gala, the Victoria's Secret Fashion Show, and a private dinner with LeBron James. Each charge carries a maximum sentence of 20 years in prison.

"The weight of the evidence here is quite strong", Greenberg said.

If you're wondering what the heck is going on, since McFarland's already scheduled to be sentenced after pleading guilty in the Fyre Festival case, it appears after his initial arrest he was still trying to run scams.

McFarland reportedly made $100,000 Dollars by selling these fake tickets, and according to a judge in Manhattan, McFarland would likely face an additional two years or so in prison if he is convicted in the new case.

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