Fyre Festival was one the biggest flops in the history music festivals. The festival’s founder, Billy McFarland, didn’t get away with whatever scam he tried to pulll scot-free. Earlier this year, he pleaded guilty to wire fraud as well as lying to investors. He’s since been ordered to cough up $26M and he’s currently awaiting his sentencing. However, it looks like he hasn’t learned his lesson. According to a new report, McFarland was arrested earlier today on more fraud charges.
According to The Associated Press, Billy McFarland was arrested earlier today on more fraud charges. The Fyre Festival founder was arrested for allegedly selling fraud tickets for fashion, music and sport events. The head New York’s FBI Office, William F. Sweeney Jr. says that McFarland didn’t stop committing fraud crimes after he plead guilty for the Fyre Festival incident. Sweeney says McFarland sold upwards to nearly $100K worth fraudulent tickets for a variety events.
“In March 2018, William McFarland pled guilty to defrauding investors and vendors the Fyre Festival, but it is apparent that he did not stop there.” Sweeney said in a statement, “McFarland allegedly went on to sell fraudulent tickets to many grand events, totaling almost $100,000. Today’s charges depict our intolerance for such fraudulent activity, and we will continue to diligently investigate acts such as this.”
McFarland has been charged with one count wire fraud and one count money laundering. Both charges carry up a maximum a 20 year sentence.