Fyre Festival Founder Billy McFarland Has Been Arrested

The 25-year-old could face up to 20 years in prison.

By //Entertainment

As if the fallout from the disastrous Fyre Festival hasn’t been embarrassing enough for those involved, founder Billy McFarland was arrested on Friday for alleged wire fraud against the festival’s investors. Acting Attorney General of Manhattan Joon H. Kim said in a statement that McFarland could face up to 20 years if found guilty.

“As alleged, William McFarland promised a ‘life changing’ music festival but in actuality delivered a disaster,” the statement reads. McFarland allegedly presented fake documents to induce investors to put over a million dollars into his company and the fiasco called the Fyre Festival. Thanks to the investigative efforts of the FBI, McFarland will now have to answer for his crimes.”

After an FBI investigation was launched in late May, the bureau found enough evidence to accuse the 25-year-old of misrepresenting the revenue of his company Fyre Media, as well as lying about the number of shares he owned to guarantee investments. This is in addition to all of the lawsuits that he and co-founder Ja Rule are facing, including a class action lawsuit worth over $100 million USD against the two. With no information on when McFarland’s trial is set for, we’ll keep you posted on any information that makes its way in.

Read Full Article
Source
The Boom Box
Image Credit
New York Post
Ja RuleFyre FestivalBilly McFarland

You may also like

Fyre Festival Founder Billy McFarland Loses $5 Million USD Lawsuit
Music

Fyre Festival Founder Billy McFarland Loses $5 Million USD Lawsuit

Two concertgoers have proven their case.
6,525 Hypes 3 Comments
Fyre Festival Organizer Billy McFarland Arrested for Selling Fake Tickets
Music

Fyre Festival Organizer Billy McFarland Arrested for Selling Fake Tickets

He’s now being charged for another fraud scam.
6,086 Hypes 19 Comments
Fyre Festival's Founder Admits to Deceiving Investors out of $26 Million USD
Music

Fyre Festival's Founder Admits to Deceiving Investors out of $26 Million USD

Billy McFarland could face 40 years in prison.
7,864 Hypes 28 Comments
Fyre Festival's Billy McFarland Pleads Guilty to New Fraud Charges
Music

Fyre Festival's Billy McFarland Pleads Guilty to New Fraud Charges

He had operated a ticket-selling scam while he was out on bail.
3,473 Hypes 20 Comments
A Second Suspect Has Been Arrested for XXXTentacion's Murder
Music

A Second Suspect Has Been Arrested for XXXTentacion's Murder

He is allegedly one of the “two armed suspects.”
10,831 Hypes 27 Comments
A Third Suspect Has Been Arrested for Murder of XXXTentacion
Music

A Third Suspect Has Been Arrested for Murder of XXXTentacion

Robert Allen was tracked down in Eastman, Georgia.
7,842 Hypes 13 Comments


What to Read Next

Take to the Skies With iOS 11's Improved Flyover Mode
Tech

Take to the Skies With iOS 11's Improved Flyover Mode

Using the power of augmented reality to take a trip around the world.

JAY-Z's '4:44' Could Also Be a Visual Album Similar to 'Lemonade'
Music

JAY-Z's '4:44' Could Also Be a Visual Album Similar to 'Lemonade'

Mahershala Ali dropping hints.

The Air Jordan 1 Retro High OG Gets Remixed for the Quai 54 Streetball Tournament
Footwear

The Air Jordan 1 Retro High OG Gets Remixed for the Quai 54 Streetball Tournament

The final piece of this year’s Quai 54 collection.


See Morrissey Before the Fame in the Trailer for 'England Is Mine'
Music

See Morrissey Before the Fame in the Trailer for 'England Is Mine'

The Pope of Mope’s musical journey.

Nike Re-Releases a Black & White Colorway of the Air Presto Ultra Flyknit
Footwear

Nike Re-Releases a Black & White Colorway of the Air Presto Ultra Flyknit

Fashionable and flexible.

A.P.C. to Reissue "HIVER 87" Archived Pieces for Its 30th Anniversary
Fashion

A.P.C. to Reissue "HIVER 87" Archived Pieces for Its 30th Anniversary

Tried-and-true essentials with a touch of graphic flair.

More ▾