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Fyre Festival's Billy McFarland seeks plea deal on fraud charges

The failed Fyre Festival founder is looking for a break after bilking investors.

Billy McFarland, 25, is in negotiating a plea deal after prosecutors say he duped two investors  — who backed the Bahamas debacle  — out of $ 1.2 million, Bloomberg reported.

The entrepreneur reportedly provided documents to the investors that showed inflated revenue projections. 

McFarland, who was arrested on June 30, has yet to comment on the charges. 

Fyre Festival founder moving back in with his parents in Jersey

“William McFarland promised a ‘life-changing’ music festival, but in actuality delivered a disaster,” Acting Manhattan U.S. Attorney Joon Kim said. 

The Fyre Festival was planned to happen over two weekends in April and May on an island in the Bahamas, featuring performers like Blink-182, Migos and Major Lazer. McFarland was co-running the event with famed rapper Ja Rule.

AP PROVIDES ACCESS TO THIS THIRD PARTY PHOTO SOLELY TO ILLUSTRATE NEWS REPORTING OR COMMENTARY ON FACTS DEPICTED IN IMAGE; MUST BE USED WITHIN 14 DAYS FROM TRANSMISSION; NO ARCHIVING; NO LICENSING; MANDATORY CREDIT

Organizers of the much-hyped music festival in the Bahamas canceled the weekend event at the last minute after many people had already arrived and spent thousands of dollars on tickets and travel.

(AP)

The music festival quickly disappointed attendees who paid between $ 5,000 and $ 250,000 for tickets.

When they arrived, there were no working bathrooms, no accommodations, a lack of food and definitely no musical guests.

Fyre Fest founder tells staff in leaked audio ‘no payroll’

McFarland was heard on audio obtained by Vice News telling employees in a conference call that they weren’t fired, but there would be “no payroll in the short term.”

“So you’re not going to lay us off, which would allow us to file for unemployment benefits?” one employee questioned. “You just are not going to pay us any more then, making us quit ourselves.”

Most of the employees had quit just days before attendees started to arrive on the island back in April.

AP PROVIDES ACCESS TO THIS THIRD PARTY PHOTO SOLELY TO ILLUSTRATE NEWS REPORTING OR COMMENTARY ON FACTS DEPICTED IN IMAGE; MUST BE USED WITHIN 14 DAYS FROM TRANSMISSION; NO ARCHIVING; NO LICENSING; MANDATORY CREDIT

This photo provided by Jake Strang shows mattress and tents set up for attendees of the Fyre Festival on April 28 in the Bahamas.

(AP)

Emails between employees ahead of the event showed that organizers realized ahead of time that the event was doomed.

Fyre Fest founder tells staff in leaked audio ‘no payroll’

One employee even joked, writing that “no one is eating so therefore no ones pooping” after news that the caterer backed out preceded urgent email about bathroom problems, according to the documents obtained by Mic.

The employees went back and forth over how many portable toilets and showers would be needed to serve the 2,500 guests — seemingly shocked at the cost.

“Ultimately it’s your call, but please consider the backlash of nasty bathrooms and showers,” executive producer of the festival, Lyly Villanueva wrote, adding a joke, “We have to move quick on this or we are in a sh—y place, lol. Sorry.”

McFarland and Ja Rule are both facing multiple suits regarding to the festival, including a $ 100 million federal suit.

Tags:
fyre festival
fraud
ja rule

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