fyre festival is going well

looooool "Paris Hilton DJ set" was a draw for this? loooooooooooool

I mean that surely had to be a case where you wanted to get in there BECAUSE it was cheap and low-rent.

News! Kinda.

https://www.nytimes.com/2017/10/03/arts/fyre-festival-organizer-pleads-not-guilty-to-fraud-charges.html

Billy McFarland, the entrepreneur who became a lightning rod in April after his ambitiously marketed Fyre Festival devolved from a would-be luxury getaway into a jamboree of schadenfreude and cold cheese sandwiches, pleaded not guilty to charges of fraud in United States District Court in Manhattan on Monday. Mr. McFarland, 25, who was arrested and charged in June, is accused of misrepresenting financial information about his company to investors who paid him $1.2 million....

Mr. McFarland, who was released on bail in July, waived his right to be charged in an indictment by a grand jury. He may still change his plea at any time before trial, including as part of a deal with prosecutors to reduce his charges. If he is found guilty, Mr. McFarland could face a maximum sentence of 20 years.

https://www.youtube.com/watch?v=UBPg5ftCMv8

A sort-of update. (Main bro and Ja Rule could yet be made the responsible debtors in the bankruptcy case.)

http://ampthemag.com/the-real/fyre-fest-bankruptcy-trustee-wants-mcfarland-ja-rule-take-responsibility-disastrous-event/

cheddarmageddon 2:

https://twitter.com/hashtag/GiantCheeseboard?src=hash

I can’t brielieve how awful #GiantCheeseboard was.I’m stilton fuming. I’ve mulled this over and theres good reason to wine about it. I thought it would be much feta, I expect a briefund #justiceforcheese @mailonline @standardnews @MetroUK @LondonTown @JacobsSnacks @TimeOutLondon

— IAmMadden (@IAmMadden) December 16, 2017

Glad GOP tax cut will free up more $ for exploitation of rich kids #fyrelegends

https://pbs.twimg.com/media/DUPU7RxVoAA7LxI.jpg:small

https://news.vice.com/en_us/article/bjykx4/fyre-festival-attendees-are-worried-theyre-getting-scammed-again (via maura)

someone's selling the fyre mailing list as "the chump list" on the darknet

Beautiful.

I mean that speculatively

dream crusher

the trouble with tribble

https://pagesix.com/2018/03/05/disgraced-fyre-festival-organizer-spent-150k-on-a-yacht-for-blink-182/

And bro will be in court tomorrow.

And he pled guilty!

http://variety.com/2018/biz/news/fyre-festivals-billy-mcfarland-pleads-guilty-faces-40-year-sentence-1202719944/

it was sad, he was a legend

No, he definitely achieved that now.

"40 years in one of your own sad tents, with a cheese sandwich."

What a luxury sentence!

Maybe Blink-187 will visit him.

Does he not remind anyone else (not in deeds) of a certain ilxor of a certain era? I

ew

man said ilxor killed Yerac in mid sentence that's fucked up

work sucks, i know

Ha, I wrote this last night and obviously got bored of what I was saying mid-way through. I think it's the eyes.

I want this immediately.

https://www.hollywoodreporter.com/amp/live-feed/hulu-lands-fyre-festival-debacle-docuseries-1102725?__twitter_impression=true

Keep trying there.

https://theblast.com/fyre-festival-billy-mcfarland-ryan-leslie-no-jail/

He’s also using an ADHD diagnosis to gain sympathy with the judge, claiming the symptoms he suffers on a daily basis are very taxing.

McFarland says he has no criminal record, has cooperated with the Feds since the beginning and even plead guilty to the charges. He had numerous family members and friends write letters, along with Leslie’s, to the judge in support of him

McFarland is proposing 6 months of home confinement or a “minimal” period of incarceration, 1,000 hours community service and three years probation. He’s also already agreed to pay back 26 million in restitution.

I’d agree to paying an astronomical sum that I had no hope or actual intention of coming up with to avoid jail time too.

He’s also already agreed to pay back 26 million in restitution.

..by maxing out a series of credit cards, which he will then be balance transferring to a second set of credit cards

Hahah!

https://mic.com/articles/189794/exclusive-fyre-festival-founder-billy-mcfarland-hit-with-two-new-criminal-charges#.BHegMga2M

According to a court filing, McFarland set up a “sham ticket-selling business for exclusive events through a company controlled and operated by McFarland (”NYC VIP Access”).”

The filing alleges that McFarland “perpetrated a scheme to defraud attendees of the Fyre Festival and others by soliciting them to purchase tickets from NYC VIP Access to exclusive events when, in fact, no such tickets existed.”

McFarland allegedly engaged in a scheme to sell fake tickets to concerts and sporting events, including events like the Met Gala and Burning Man.

https://news.vice.com/en_us/article/a3ayma/fyre-fests-founder-is-going-to-prison-but-the-spirit-of-his-scam-lives-on

As a dozen-odd civil and criminal lawsuits inched their way through New York’s state and federal courts this winter, McFarland, out on bail, began pursuing new business ventures. In January, he took meetings in a 1,400-square-foot penthouse room with a private wraparound terrace on the top floor of the swanky Murray Hill Tuscany Hotel in NYC, according to interviews and receipts obtained by VICE News.

And despite the criminal charges and the flameout of his last two businesses — Fyre Media and the concierge service Magnises, which offered its members VIP experiences — people showed up to entertain his pitch, a scheme to make money off Instagram live streams.

Actual LOL: https://www.stereogum.com/2001285/fyre-festival-promoter-billy-mcfarland-arrested-on-fraud-charges/news/#comment-20516582

Millennial hero

https://www.theguardian.com/music/2018/jul/04/two-attendees-of-disastrous-fyre-festival-awarded-25m-each

2.5m each - URL deceives but still

Christ

Seth Crossno and Mark Thompson each paid $13,000 for VIP tickets to the festival on the Bahamas island of Great Exuma

Can’t even imagine having 13 k let alone spending it on a ticket

one way or another this was going to end w a rich guy giving money to another rich guy

Yeah, this doesn't surprise me whatsoever!

damages based on losses for hotels and flights as well as the “mental anguish”

rich ppl's mental anguish is some next level shit

imagine if you had the resources to sue, say, a former employer for "mental anguish"

https://pbs.twimg.com/media/DizQez1W0AEORUP.jpg

This is so perfect.

Plus!

https://www.theverge.com/2018/7/24/17608204/fyre-festival-billy-mcfarland-sec-settlement

From the SEC:

McFarland induced investors to entrust him with tens of millions of dollars by fraudulently inflating key operational, financial metrics and successes of his companies, as well as his own personal success – including by giving investors a doctored brokerage account statement purporting to show personal stock holdings of over $2.5 million when, in reality, the account held shares worth under $1,500.

I should just believe it at this point, but the financial shenanigans in several recent cases where it comes down to people flat-out lying about account balances or doctoring paperwork is astounding