June 17, 2018 / 11:58 PM

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Fyre Festival

Fyre Festival Founder Arrested On New Fraud Charges While Awaiting Sentencing

Disgraced entrepreneur Billy McFarlane has been charged with wire fraud and money laundering. He reportedly sold non-existent tickets to major fashion, music, culture, and sports events like the Met Gala and Coachella to customers of Fyre Festival.

Fyre Festival Promoter Billy McFarland Spends $150,000 For Blink-182's Yacht

Fyre Festival co-founder Billy McFarland spent money for ludicrous expenses but left no budget for food, running water, or lavatories on the island venue of the event. He recently pleaded guilty to two accounts of wire fraud.

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