New York, NY – The now notorious Fyre Festival crashed and burned in 2017 after a myriad of issues plagued the occasion. Now, pageant organizer Billy McFarland has been sentenced to 6 years in jail for the botched execution and empty guarantees of grandeur. He was initially dealing with 15-20 years.
According to BuzzFeed News, U.S. District Court Judge Naomi Buchwald handed down the sentence on Thursday (October 11). McFarland pleaded responsible to 2 counts of wire fraud for defrauding traders and a ticket vendor again in March.
The April 2017 occasion was marketed as an opulent music pageant within the Bahamas and co-signed by celebrities like Ja Rule, who additionally invested within the pageant. After attendees made it to the situation, they had been met with crappy sandwiches and rundown tents.
At least 80 traders misplaced greater than $24 million after McFarland talked them into financing the debacle. Consequently, a $100 million lawsuit was filed.
In July, the 26-year-old was slapped with two extra expenses of wire fraud and financial institution fraud after promoting faux VIP tickets to occasions such because the Met Gala, Grammys, Coachella and the Super Bowl whereas out on bail. At least 30 clients misplaced roughly $150,000.
As reported by VICE, McFarland informed the courtroom how sorry he was.
“The regret I really feel is crushing,” McFarland stated. “I’ve lived each day with the burden of understanding that I actually destroyed the lives of my family and friends.”
Buchwald held agency.
“It is my conclusion primarily based on all of the submissions that the defendant is a serial fraudster and that to this point his fraud, like a circle, has no ending.”
During an episode of Drink Champs, Ja Rule didn’t specific any remorse over getting concerned within the pageant.
“I’m not ashamed of Fyre in any respect. Because man, the concept, it was good. It was fuckin’ past good … It was wonderful,”