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Fyre Festival Founder, Billy McFarland, Pleads Guilty to Wire Fraud, Faces 10 Years in Prison

Billy McFarland, the founder and brains (or lack thereof) of the Fyre Festival catastrophe, is facing up to 10 years in prison.

Billy McFarland, the founder and brains (or lack thereof) of the Fyre Festival catastrophe, is facing up to 10 years in prison. He plead guilty to two counts of wire fraud and will be sentenced on June 21. 

Back in 2016, McFarland tricked people into attending a "life-changing" festival in the Bahamas. He advertised it to be well-suited with models in bikinis, lavish housing, and big name musical acts. When the festival goers stepped foot on the island to get their groove on, they were faced with a severe lack of necessary food, medical care, amenities, and living quarters.

“I deeply regret my actions, and I apologize to my investors, team, family and supporters who I let down. I grossly underestimated the resources that would be necessary to hold an event of this magnitude.” -Billy McFarland

McFarland conned customers into shoveling out amounts up to $250,000 for the aforementioned "lavish" tickets. An attendee mentioned that arriving at the Bahamas to attend Fyre Festival was similar to The Hunger Games or Lord of the Flies than it was to Coachella. There was also a class-action lawsuit that was filed against McFarland and Fyre Media. 

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McFarland's wire fraud charges are connected with the festival's financing. He supplied fake documents and information to his investors that substantially exaggerated Fyre Media's earnings, as well as his own personal earnings. "As he admitted today, William McFarland tendered fake documents to induce investors and a ticket vendor to put more than $26 million into his company and the disastrous Fyre Festival. He now awaits sentencing for his admitted swindle," states U.S. attorney Geoffrey Berman. 

He still has countless lawsuits that are still pending against him and Fyre Media. The fire continues to burn hot for Billy MacFarland.

H/T: Huffington Post

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