Caribbean 360 is reporting Fyre Festival promoter Billy McFarland plead guilty to fraud, admitting in a Manhattan (NYC) court he had falsified documents, defrauded 80 investors and a ticket vendor to the tune of $26 million.
McFarland co-founded the music festival with Hip-Hop star Ja Rule. The festival was supposed to take place on the Bahamian island of Exuma in April and May of 2017, but never happened due to many tactical errors. Festival attendees who shelled out $12,000 per ticket, were left stranded without adequate food, water and accommodations. The festival was eventually cancelled.
Read more at Caribbean 360.
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