Hulu picks up docuseries about the disastrous Fyre Festival

At least in terms of schadenfreude, the fallout from 2017's Fyre Festival debacle has been far more entertaining than any music festival could ever hope to be. Not only were a bunch of rich kids conned out of the Blink-182 and Migos-backed Caribbean bacchanal they were promised, but co-founders Ja Rule and Billy…

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At least in terms of schadenfreude, the fallout from 2017's Fyre Festival debacle has been far more entertaining than any music festival could ever hope to be. Not only were a bunch of rich kids conned out of the Blink-182 and Migos-backed Caribbean bacchanal they were promised, but co-founders Ja Rule and Billy…

Read more...

Fyre Fallout: How Much Prison Time — and Debt — Is Festival Founder Billy McFarland Really Looking At?

Billy McFarland, the promoter behind last year’s disastrous Fyre Festival, accepted a $26 million forfeiture as part of his plea deal for defrauding investors, and he faces as much as 40 years in prison. But in reality, those numbers are almost as inflated as his promises about the festival. There’s little likelihood that the injured […]

Billy McFarland, the promoter behind last year’s disastrous Fyre Festival, accepted a $26 million forfeiture as part of his plea deal for defrauding investors, and he faces as much as 40 years in prison. But in reality, those numbers are almost as inflated as his promises about the festival. There’s little likelihood that the injured […]

SXSW: ‘Trial by Fyre Festival’ Talk Parses Worst-Case-Scenario Crisis in Horrifying Detail

A fantastical started-from-the-bottom-now-we-here story was the focus of a standing-room-only talk at South By Southwest titled “Trial by Fyre Festival: My MBA in Crisis Management.” Dylan Hattem launched his creative agency DS Projects just three months before getting the call he thought would change his life: an opportunity to create all the video and photo […]

A fantastical started-from-the-bottom-now-we-here story was the focus of a standing-room-only talk at South By Southwest titled “Trial by Fyre Festival: My MBA in Crisis Management.” Dylan Hattem launched his creative agency DS Projects just three months before getting the call he thought would change his life: an opportunity to create all the video and photo […]

Fyre Festival’s Billy McFarland Pleads Guilty, Faces 40-Year Sentence

Billy McFarland, organizer of last year’s disastrous Fyre Festival, pleaded guilty to misleading his company’s investors in a New York court today, according to multiple media reports. He was charged with two counts of wire fraud. Prosecutors and McFarland’s lawyers reached an agreement that a 97-to-120-month sentence, although judges are not required to follow that […]

Billy McFarland, organizer of last year’s disastrous Fyre Festival, pleaded guilty to misleading his company’s investors in a New York court today, according to multiple media reports. He was charged with two counts of wire fraud. Prosecutors and McFarland’s lawyers reached an agreement that a 97-to-120-month sentence, although judges are not required to follow that […]

Fyre Festival Organizer Billy McFarland Pleads Guilty to Wire Fraud

Things just got so bad for Billy McFarland, he probably wishes that he was back at Fyre Festival right about now.

McFarland, who organized the disastrous Fyre Festival that made headlines last year, has pleaded guilty to two counts of wire fraud, a spokesman for the U.S. attorney’s office for the southern district of New York told TheWrap on Tuesday.

McFarland faces a potential maximum sentence of 20 years for each count.

Also Read: Blink-182’s Matt Skiba Says He Used ‘Witchy Ways’ to Stop Fyre Festival From Happening

McFarland was initially charged in July 2017. According to the U.S. attorney’s office, McFarland engaged in a scheme to defraud investors in company Fyre Media LLC, as well as a related entity responsible for organizing the festival, which took place in the Bahamas.

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

According to the U.S. Attorney’s office, McFarland induced investors to invest about $1.2 million based on misrepresentations about Fyre Media’s revenue and income.

Also Read: Fyre Festival Organizer Arrested on Wire Fraud Charges

“In order to procure these investments, McFarland provided materially false information,” the office said last year.

The Fyre Festival imploded in April 2017, after rich patrons spent tens of thousands of dollars for the event, expecting a luxury getaway on a private island in the Bahamas, only for their private jets to touch down in what many called a disaster area.

Instead of plush cabanas, they were set up in “disaster relief tents,” and their gourmet food took the form of cheese sandwiches and wilting lettuce.

Also Read: Fyre Festival Email Leak: ‘No One Is Eating So Therefore No One’s Pooping’

The failed event caused a PR meltdown, several lawsuits, and an FBI investigation.

Related stories from TheWrap:

Blink-182’s Matt Skiba Says He Used ‘Witchy Ways’ to Stop Fyre Festival From Happening

Fyre Festival Organizer Freed on $300K Bail, Uses Public Defender

Fyre Festival Organizer Arrested on Wire Fraud Charges

Things just got so bad for Billy McFarland, he probably wishes that he was back at Fyre Festival right about now.

McFarland, who organized the disastrous Fyre Festival that made headlines last year, has pleaded guilty to two counts of wire fraud, a spokesman for the U.S. attorney’s office for the southern district of New York told TheWrap on Tuesday.

McFarland faces a potential maximum sentence of 20 years for each count.

McFarland was initially charged in July 2017. According to the U.S. attorney’s office, McFarland engaged in a scheme to defraud investors in company Fyre Media LLC, as well as a related entity responsible for organizing the festival, which took place in the Bahamas.

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

According to the U.S. Attorney’s office, McFarland induced investors to invest about $1.2 million based on misrepresentations about Fyre Media’s revenue and income.

“In order to procure these investments, McFarland provided materially false information,” the office said last year.

The Fyre Festival imploded in April 2017, after rich patrons spent tens of thousands of dollars for the event, expecting a luxury getaway on a private island in the Bahamas, only for their private jets to touch down in what many called a disaster area.

Instead of plush cabanas, they were set up in “disaster relief tents,” and their gourmet food took the form of cheese sandwiches and wilting lettuce.

The failed event caused a PR meltdown, several lawsuits, and an FBI investigation.

Related stories from TheWrap:

Blink-182's Matt Skiba Says He Used 'Witchy Ways' to Stop Fyre Festival From Happening

Fyre Festival Organizer Freed on $300K Bail, Uses Public Defender

Fyre Festival Organizer Arrested on Wire Fraud Charges

Creditors Move in on Fyre Festival, Billy McFarland

A federal bankruptcy judge advanced the cause of creditors attempting to recoup losses on the disastrous Fyre Festival, which was scheduled to take place in the Bahamas earlier this year but canceled at the last minute due to poor organization. At a hearing Wednesday in U.S. Bankruptcy Court for the Southern District of New York, […]

A federal bankruptcy judge advanced the cause of creditors attempting to recoup losses on the disastrous Fyre Festival, which was scheduled to take place in the Bahamas earlier this year but canceled at the last minute due to poor organization. At a hearing Wednesday in U.S. Bankruptcy Court for the Southern District of New York, […]

Fyre Festival debacle to be chronicled in new documentary series

The Fyre Festival debacle was a bizarrely entertaining debacle that helped distract this country from the far more horrifying debacle happening in the White House, with the luxury-focused music festival in the Bahamas collapsing into anarchy once it became clear that practically no aspect of it had actually been…

Read more…

The Fyre Festival debacle was a bizarrely entertaining debacle that helped distract this country from the far more horrifying debacle happening in the White House, with the luxury-focused music festival in the Bahamas collapsing into anarchy once it became clear that practically no aspect of it had actually been…

Read more...