Fyre Festival Founder Billy McFarland Arrested Again for Fraud

14 June, 2018, 01:31 | Author: Rafael Roberts
  • Fyre Festival founder Billy Mc Farland hit with two new criminal 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.

McFarland, 26, sold fake tickets to exclusive events, including the Met Gala and Coachella, for several months while he was awaiting sentencing for charges related to the Fyre Festival, according to the Federal Bureau of Investigation and U.S. Attorney's Office for the Southern District of NY. McFarland's lawyers were not immediately available to comment on the new charges.

The organizer of the infamous Fyre Festival, a failed concert in the Bahamas in 2017 that went viral for its lack of success, has been charged with duping customers again.

Billy McFarland was ordered detained Tuesday after his arrest on charges he operated a sham ticket scheme, selling fraudulent tickets to music and sporting 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. They also allege that he may have committed bank fraud and identity theft in the past few months.

"We vigorously contest what is in this complaint", he told U.S. Magistrate Judge Gabriel W. Gorenstein in Manhattan.

Greenberg said McFarland was living lavishly with monthlong stays in luxury hotels and excursions to expensive restaurants. Both charges carry up a maximum of a 20 year sentence.

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"The weight of the evidence here is quite strong", Greenberg said.

A sentencing hearing has been set for next Thursday, June 21 for McFarland's new counts of wire fraud and money laundering.

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

"Mr. McFarland is looking at a significant term of imprisonment".

McFarland reportedly made $100,000 Dollars by selling these fake tickets, and according to a judge in Manhattan, McFarland would likely face an additional two years or so in prison if he is convicted in the new case.

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