Failed Fyre Festival founder foiled, forfeits six years (and $26 million)
As the summer of grift has rolled on into a fraudster’s fall filled with new schemes and financial chicanery that are seemingly revealed daily, one storyline has remained relatively consistent: the ongoing legal troubles of convicted Fyre Festival founder and confidence man Billy McFarland. Vice News reports that McFarland was sentenced to six years in prison with three years of supervised release today, and he was “ordered to forfeit $26,182,386, though it’s unclear how much of that, if any, he currently has.”
The sentence was handed down after McFarland pled guilty to a total of four counts of wire fraud earlier this year as part of the fallout from 2017’s failed Fyre Festival and the fake ticket scam he pulled while out on bail, NYC...
Published on 11 Oct 2018 at 07:00PM