Fyre Festival Promoter Billy McFarland Arrested On Fraud Charges

Billy McFarland

Billy McFarland, the low-rent scam artist responsible for the festival disaster heard 'round the internet, is back in trouble for conning people again.

Billy McFarland, the promoter of the failed Fyre Festival in the Bahamas, leaves federal court after pleading guilty to wire fraud charges, Tuesday, March 6, 2018, in NY. He's also had to come up with $26 million to repay those festival investors he defrauded. The event was advertised on social media by Kendall Jenner, Bella Hadid and other high-profile social media influencers.

Attendees at Fyre Festival in the Bahamas were promised a luxurious, private party, but instead found themselves eating bread and cheese sandwiches under a tent.

In a complaint and affidavit released late Tuesday by U.S. Attorney's Office of the Southern District of NY, the government accuses McFarland of starting a company called NYC VIP Access, which purported to sell tickets to high-end events including the Met Gala and the Grammy Awards.

The "tickets", which were supposedly intended for events including this year's Grammys, the Super Bowl, Coachella, the Met Gala and Burning Man, were sold to 15 people and amounted to almost $100,000. An attorney for McFarland did not immediately respond to Variety's request for comment.

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Energy Information Administration report on crude oil inventories is due to be released on Wednesday at 10:30am EDT. Dutch bank ING, however, said some OPEC members would "struggle to push production back to October 2016 levels".

"We vigorously contest what is in this complaint", he told U.S. Magistrate Judge Gabriel W. Gorenstein in Manhattan.

Greenberg said McFarland was living lavishly with monthlong stays in luxury hotels and excursions to expensive restaurants. "He targeted the same victims who tried to attend his Fyre Festival".

McFarland faces new charges of money laundering and wire fraud. Both carry sentences of up to 20 years in prison.

"Mr. McFarland is looking at a significant term of imprisonment". On Tuesday, he was charged with starting another fraudulent company late past year and running it right up until he entered his guilty plea for Fyre Festival three months ago.

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