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techkenyot.com August 14, 2018


Fyre Festival Founder Billy McFarland Arrested On More Fraud Charges

13 June 2018, 08:28 | Elsie Buchanan

Fyre Festival Founder Billy McFarland Arrested On More Fraud Charges

Billy McFarland

Brendan McDermid / Reuters Billy McFarland (left) sold almost $100,000 worth of fraudulent tickets in the several months since he's been free on bail, according to federal prosecutors.

McFarland now faces one charge of wire fraud and one count of money laundering on top of the charges he faced from the original Fyre Festival. Sweeney said in a statement, "McFarland allegedly went on to sell fraudulent tickets to many grand events, totaling nearly $100,000".

Fyre Festival was one of the biggest flops in the history of music festivals.

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McFarland was trying to sell the tickets in March, the same month he pleaded guilty to defrauding investors for the Fyre Festival, prosecutors allege. He is allegedly behind a business called NYC VIP Access which sold tickets to huge events like the Grammys, the Super Bowl, Coachella, the Met Gala, Burning Man, and more.

McFarland allegedly targeted Fyre Festival customers and then laundered the fraud proceeds to "others' financial accounts in an effort to hide his ownership and control of the funds".

She said prosecutors were considering additional charges including bank fraud and an identity theft charge that would carry a mandatory two-year prison sentence upon conviction.

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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 allegedly began running the ticket scheme in late 2017 - just months after his June 2017 arrest for defrauding Fyre Media investors out of $24 million. Tickets for the event cost thousands of dollars, but when attendees arrived they found poorly built tents, a lack of food and clean water and an insufficient number of public toilets.

Sweeney Jr., head of New York's Federal Bureau of Investigation office, says new charges show that McFarland didn't stop committing crimes after pleading guilty in March to defrauding investors and vendors in the Fyre Festival.

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