Fyre Festival Promoter Billy McFarland Arrested On Fraud Charges

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In addition, if he is freed on bail for the Fyre Festival case, McFarland will face a $1 million bail on the new charges.

"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 Sweeney Jr. said in a statement.

Prosecutors said McFarland, 26, began running the scheme late previous year, several months after his arrest for defrauding Fyre investors out of $26 million. The festival was anything but the ultra-luxurious event promoted as "the cultural experience of the decade" and touted on social media by Kendall Jenner, Bella Hadid, Emily Ratajkowski and other models and celebrities.

Fyre Festival was one of the biggest flops in the history of music festivals. McFarland's lawyers were not immediately available to comment on the new charges. He also said one of McFarland's colleagues, cooperating with prosecutors, was framing him. This time, McFarland is charged with selling fake tickets to mega-festivals and events. He is allegedly behind a business called NYC VIP Access which sold tickets to huge events like the Grammys, the Super Bowl, Coachella, the Met Gala, Burning Man, and more. Both charges carry up a maximum of a 20 year sentence. "He targeted the same victims who tried to attend his Fyre Festival".

Just when you thought it was safe, the epic millennial influencer debacle known as Fyre Festival is back in the news for, surprise, fraud.

He's due to be sentenced this month after pleading guilty in March.

"Mr. McFarland is a serial fraudster plain and simple", prosecutor Kristy Greenberg told the judge.

Jackson said his client has been cooperative with the government and was ready to answer any questions.

For his latest scam, McFarland reportedly made $100,000 United States dollars selling these new bogus tickets through NYC VIP Access, a company he controlled.

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