Ahh Fyre Festival. It is weird to think that it was almost a year ago when we witnessed the social media meltdown of the century. Last year, Billy McFarland, notorious douche and playboy teamed up with Ja-Rule, the rapper who famously bankrupt an unimaginably successful label in record time, to produce the ‘Festival of The Century'. Unfortunately they truly had no idea what they were doing and thousands of people ended up stranded on a small Bahamian Island which lacked basic supplies for the influx of travelers. If you are unfamiliar with this story, than that is surprising…but you can catch up with our handy timeline here.
The Arrest And Guilty Plea
Not long after the disaster which played out in April of 2017, McFarland was arrested on charges of wire fraud connected to the festival. Many claim he defrauded investors of potentially millions. Since then not much has been heard about Fyre Festival or it's parent company's other projects like the app of the same name.
Now though we have received official word that Billy has plead guilty to 2 counts of wire fraud with open sentencing. Each count carries a maximum of 20 years, for a potential (albeit unlikely) sentence of 40 years in federal prison. McFarland is currently out on $300,000 cash bail while he awaits sentencing. While he could face up to 40 years, he will most likely receive a much lighter sentence. Stay tuned for updates as they develop.