Billy McFarland, the promoter of the failed Fyre Festival in the Bahamas. Image: AP/Mark Lennihan
In a release Thursday, the U.S. Marshals announced that 126 items from the festival will be auctioned off, with proceeds going toward the victims of Billy McFarland.McFarland acknowledged defrauding investors of $26 million in the 2017 Fyre Festival and over $100,000 in a fraudulent ticket-selling scheme after his arrest in the scam. He was sentenced to six years in prison in October 2018. Now 28, he’s serving his sentence at a low-security prison in Ohio, according to the Bureau of Prisons.
“This Fyre Festival-branded clothing and other items that were seized from Billy McFarland were originally intended to be sold at the Fyre Festival itself but were kept by McFarland, with the intent to sell the items and use the funds to commit further criminal acts while he was on pre-trial release,” U.S. Marshal Ralph Sozio of the Southern District of New York said in the release.
GG Elon
GG Elon
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