Frye Festival founder and organizer Billy Mcfarland pleaded guilty to federal charges

Stick Up Kid

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For one shining weekend, it was The GOAT finesse.:mjlol:

Sold cacs on partying with Ja and had them running from packs of feral dogs, eating struggle sack lunch:russ:

The tweets were FUKKING CLASSIC :laff:

to be fair he wasnt selling Ja Rule.

the headliners were Blink 182, Future, Migos, etc. even had the Kardashians promote it.
 

re'up

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William McFarland Pleads Guilty In Manhattan Federal Court To Defrauding Investors And A Ticket Vendor Of Over $26 Million

" For example, in order to induce several investors to make an investment in Fyre Media, McFARLAND provided an altered stock ownership statement to inflate the number of shares he purportedly owned in a publicly traded company, so that it would appear that McFARLAND could personally guarantee the investment. In addition, despite the fact that McFARLAND’s applications to two banks (“Bank-1” and “Bank-2”) for millions in personal loans had not been approved, McFARLAND misrepresented to investors that the monies from those bank loans could serve as collateral for their investments. On one occasion, McFARLAND sent an investor a snapshot of an email purporting to be from a Bank-1 banker (“Banker-1”) to McFARLAND approving a $3 million dollar loan. Not only had Banker-1 not sent that email, Bank-1 had not approved McFARLAND’s loan application."
 

Tasha And

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lives in a $21,000-a-month penthouse apartment in Manhattan and drives a $110,000 Maserati. When he was arrested by federal agents on Friday on a charge of wire fraud, he was carrying $5,000 in cash.

Yet when Mr. McFarland, 25, made his first appearance before a magistrate judge on Saturday afternoon, he was represented by a public defender.:bryan:

 

King of Creampies

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Amazing.

Nobody batted an eye regarding this guy's financial background nor acumen.

They saw he was white and just cosigned right after that.

Wonder which Fed Prison he is going to be in? Probably FCI Butner.
 

re'up

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"who said he could get eight to 10 years in prison. “I deeply regret my actions, and I apologize to my investors, team, family, and supporters who I let down,” he said. “I grossly underestimated the resources that would be necessary to hold an event of this magnitude.” Additionally, he’s facing eight lawsuits filed by aggrieved post-Fyre parties, and is currently out on a $300,000 bail while he awaits sentencing."

Fyre Festival Promotor Billy McFarland Could Spend 10 Years in Prison
 
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