Published: Thu, March 08, 2018
Entertaiment | By Minnie Bishop

Here's What Happened To The Man Behind The Infamous Fyre Festival Disaster

Here's What Happened To The Man Behind The Infamous Fyre Festival Disaster

While McFarland has plead guilty to the wire fraud him and his firm Fyre Media still face more than 12 civil lawsuits and liquidation of the firm as investors and ticket buyers try to recuperate their loses.

"My intention and effort was directed to organizing a legitimate festival", he said in court on Tuesday, according to Bloomberg.

A contrite McFarland admitted in a Manhattan federal court that he had defrauded 80 investors and falsified documents to secure more funds to put on the 2017 Fyre Festival. Further, he lied and told them that a famous venture capital vetted Fyre Media and chose to invest in it.

The disastrous event took place on the Bahamian island of Exuma in April and May of 2017.

According to the USA attorney's office, McFarland defrauded investors and a ticket vendor out of more than $26 million. It was promoted on social media by Kendall Jenner, Bella Hadid, Emily Ratajkowski and other models and celebrities as the event organizers coaxed people into buying ticket packages ranging from $1,200 to over $100,000.

Italy player and Fiorentina FC captain Davide Astori dies, aged 31
Astori made his Italian debut in 2011 and played at the 2013 Confederations Cup in Brazil, where he scored against Uruguay. He joined the latter on a permanent basis in 2016 and made 57 appearances for the Florence squad, scoring three times.

The attendees didn't get promised music headliners, gourmet meals, luxury rooms, and beach parties, and instead couldn't even find adequate bathroom facilities, suitable accommodations, or edible food, the Daily News said. Prosecutors said he provided false documents to investors in which he claimed Fyre Media had taken in millions of dollars from thousands of artist bookings in a single year.

It is weird to think that it was nearly a year ago when we witnessed the social media meltdown of the century. In the meantime, he also reportedly faces lawsuits from attendees and investors of the festival. Each count carries a maximum sentence of 20 years in prison. Partiers then found themselves stranded on the island with little food or water, and, at times, there was no electricity.

"As he admitted today, William McFarland tendered fake documents to induce investors and a ticket vendor to put more than $26 million into his company and the disastrous Fyre Festival", explained USA attorney Geoffrey S. Berman.

The Daily News said prosecutors and McFarland's lawyers agreed to a sentence of 97 to 120 months under his plea deal.

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