Fyre Festival Promoter Billy McFarland Arrested On Fraud Charges

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CREDIT Patrick Mc Mullan via Getty Images

While on pretrial release over the Fyre Media scheme, McFarland targeted attendees of the disastrous Fyre Festival to purchase tickets to exclusive events that didn't actually exist, including tickets to the 2018 Met Gala, according to the complaint. The festival's founder, Billy McFarland, didn't get away with whatever scam he tried to pulll scot-free. However, it looks like he hasn't learned his lesson.

The promoter of a failed music festival in the Bahamas has been arrested again on fraud charges as he awaits sentencing in the earlier case. The 26-year-old has been accused of selling fraudulent tickets to sporting, fashion, and music events through his company NYC VIP Access.

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McFarland allegedly targeted Fyre Festival customers and then laundered the fraud proceeds to "others' financial accounts in an effort to hide his ownership and control of the funds". Sweeney says McFarland sold upwards to almost $100K worth of fraudulent tickets for a variety of events.

"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".

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For the ticket scam, McFarland now faces a new count of wire fraud and one count of money laundering. Each charge carries a maximum sentence of 20 years in prison.

He says the 26-year-old McFarland went on to sell fraudulent tickets totaling nearly $100,000 to various events.

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