Fyre Festival Founder Billy McFarland Arrested for New Ticket-Selling Scam

13 June, 2018, 20:26 | Author: Cecil Buchanan
  • Billy-McFarland-july-2016-a-billboard-1548-1528844421

William McFarland, who is still awaiting sentencing for the failed festival, has now been charged by the Southern District of NY with selling tickets that did not exist to marquee sports and music events.

McFarland was rearrested Tuesday and charged with earning $100,000 by selling fake tickets to events including the Coachella Festival and the Met Gala through NYC VIP Access, a company he controlled, and attempted to hide his involvement by sending sale proceeds to other people's bank accounts, according to multiple news reports.

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.

MacFarland was charged Tuesday in NY with one count of wire fraud and one count of money laundering.

"In March of 2018, William McFarland pled guilty to defrauding investors and vendors of the Fyre Festival, but it is apparent that he did not stop there", FBI Assistant Director-in-Charge William F. Sweeney Jr.

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Prosecutors said over 15 victims had been bilked since late previous year of more than $100,000 as McFarland and his workers sold non-existent tickets to the 2018 Met Gala, Burning Man 2018, Coachella 2018, the 2018 Grammy Awards, Super Bowl LII and a Cleveland Cavaliers game that would include a team dinner with Lebron James.

McFarland allegedly solicited Fyre Fest attendees to purchase "tickets" from the company.

Billy McFarland - the entrepreneur behind the controversial Fyre Festival - faces new charges of wire fraud and money laundering.

Investors in the festival scheduled for spring 2017 lost more than $26 million in what was advertised as "the cultural experience of the decade". Instead, they arrived to find half-built tents, feral dogs and inadequate food and water.

"William McFarland, already awaiting sentencing for a prior fraud scheme, allegedly continued to conduct criminal business as usual", wrote Manhattan U.S. Attorney Geoffrey Berman in a statement. Each count faces up to 20 years in jail.

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