Fyre Festival Promoter Billy McFarland Arrested On Fraud Charges

Angelo Anderson
June 13, 2018

The promoter of a failed music festival in the Bahamas who is awaiting sentencing on fraud charges was arrested on new fraud charges Tuesday, leading a judge to order his detention. The festival's founder, Billy McFarland, didn't get away with whatever scam he tried to pulll scot-free.

Each of the four counts carries a maximum sentence of 20 years in prison, although, on the initial charges at least, he was realistically looking at a much lighter sentence.

McFarland allegedly began running the ticket scheme in late 2017 - just months after his June 2017 arrest for defrauding Fyre Media investors out of $24 million. His lawyer did not immediately comment. He also said one of McFarland's colleagues, cooperating with prosecutors, was framing him.

Billy McFarland was rearrested Tuesday and charged with earning $100,000 by selling fake tickets to exclusive fashion, music and sporting events through NYC VIP Access, a company he controlled. They say the 26-year-old McFarland went on to sell fraudulent tickets totalling nearly $100,000 to various events.

Greenberg said McFarland was living lavishly with monthlong stays in luxury hotels and excursions to expensive restaurants. In the affidavit, Special Agent Racz writes that McFarland corresponded with potential customer-victims through Employee-1's email account - which, among other evidence, investigators say they determined was being logged into from an IP address associated with McFarland's parents' house in New Jersey.

McFarland faces new charges of money laundering and wire fraud.

"Mr. McFarland is a serial fraudster, plain and simple", Greenberg told Gorenstein.

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

Other reports by Iphone Fresh

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