Billy McFarland, the entrepreneur who based 2017’s ill-fated Fyre Festival, has been sentenced to 6 years in federal jail, The New York Times reviews. McFarland was arrested in June 2017 following an FBI investigation into Fyre Fest and Fyre Media. He was accused of a number of offenses, together with making false statements to overstate the corporate’s monetary stability to potential traders, in addition to sharing fraudulent paperwork. McFarland pleaded guilty earlier this yr after getting into an preliminary plea of not guilty.
McFarland just lately pleaded guilty to separate counts of wire fraud and cash laundering. He was accused of working a enterprise that bought fraudulent tickets to occasions such because the Grammy, Coachella, the Met Gala, and extra.
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