The 26-year-old entrepreneur who created Fyre Festival admitted in court Tuesday that he defrauded investors in his high-end music festival in the Bahamas, a much-hyped event that ended in a public collapse.
William “Billy” McFarland pleaded guilty in Manhattan federal court to two counts of wire fraud. Each count carries a maximum sentence of 20 years in prison.
Fyre Festival had been scheduled to take place last spring, with tickets costing up to $250,000 a person for one weekend. Thousands were expected to attend, and the event was marketed to millennials on social media as “the cultural experience of the decade.” Instead, concertgoers arrived to a logistical meltdown, resulting in the festival’s abrupt cancellation.
Fyre Festival might have been one of the biggest scams of all time as this dirtbag, Billy McFarland, charged a quarter million for a weekend getaway concert that ended up pretty much being a refugee camp with no food or water and certainly no Daft Punk.
“While my intention and effort was directed to organizing a legitimate festival, I grossly underestimated the resources that would be necessary to hold an event of this magnitude,” Mr. McFarland said in court.
Wait, you mean you didn’t realize that in order to have a major festival concert that you needed to provide guests with more than like, 3 tents and bologna sandwiches? You mean it takes more than just having Ja Rule tweet about the event and you actually have to follow through and like, PLAN this event?!
Billy didn’t know.
This is an amazing story because it both ruined the experiences of asshole kids who can afford $250,000 to go see Migos on a deserted island for the Gram and it’s one of the rare times that an entitled white kid committed a crime and was actually penalized for his actions. What a time to be alive.
— FyreFestivalFraud (@FyreFraud) April 27, 2017
— Lamaan (@LamaanElGallal) April 28, 2017
— Trevor DeHaas (@trev4president) April 28, 2017
Damn. Can’t wait for next year’s Fyre Festival where you pay $500,000 to have your ex-girlfriend inject you with HPV and you leave with three Oreos, all of which have no cream inside.
Thanks for reading. Tweet to @TheLesterLee if you can’t wait for Fyre Festival II this summer. Also, go ahead and throw Deadseriousness a Like on Facebook so that I can keep the lights on around here at HQ.