🔥 | Latest

Ja Rule, Memes, and Migos: PE.RI U.S. NEWS FYRE FESTIVAL FRAUD Mar 07 | Fyre Festival founder and CEO Billy McFarland pleaded guilty to two counts of wire fraud, facing up to ten years in prison. Fyre Festival founder and CEO, Billy McFarland, pleaded guilty to two counts of wire fraud yesterday, and will face up to a decade in prison. McFarland admitted in a Manhattan federal court that he had defrauded investors and falsified documents as a way to provide funding for his promised luxury Fyre Festival experience. The two wire fraud charges each carry a maximum of 20 years in prison, but McFarland made a plea agreement which may allow him to face only eight to ten years, with a fine of up to $300,000. McFarland’s sentence is scheduled for June 21st. ___ McFarland and fellow festival-promoter rapper Ja Rule made Fyre Festival out to be a “luxury concert” to take place on a small island in the Bahamas. The festival was to include performances from Blink-182, Migos, and Disclosure with extravagant housing accommodations and celebrity-chef-cooked meals. However, when concertgoers started to arrive to the festival, they were met with flimsy tents and boxed lunches and told that the musical acts had been canceled. Mcfarland told the judge, Naomi Reice Buchwald, of Federal District Court in Manhattan, that he had begun organizing the festival with good intentions but had “greatly underestimated the resources” it would take to deliver the experience that was advertised. ___ Photo: Mark Lennihan | AP
Ja Rule, Memes, and Migos: PE.RI
 U.S. NEWS
 FYRE FESTIVAL FRAUD
 Mar 07 | Fyre Festival founder and CEO
 Billy McFarland pleaded guilty to two
 counts of wire fraud, facing up to ten
 years in prison.
Fyre Festival founder and CEO, Billy McFarland, pleaded guilty to two counts of wire fraud yesterday, and will face up to a decade in prison. McFarland admitted in a Manhattan federal court that he had defrauded investors and falsified documents as a way to provide funding for his promised luxury Fyre Festival experience. The two wire fraud charges each carry a maximum of 20 years in prison, but McFarland made a plea agreement which may allow him to face only eight to ten years, with a fine of up to $300,000. McFarland’s sentence is scheduled for June 21st. ___ McFarland and fellow festival-promoter rapper Ja Rule made Fyre Festival out to be a “luxury concert” to take place on a small island in the Bahamas. The festival was to include performances from Blink-182, Migos, and Disclosure with extravagant housing accommodations and celebrity-chef-cooked meals. However, when concertgoers started to arrive to the festival, they were met with flimsy tents and boxed lunches and told that the musical acts had been canceled. Mcfarland told the judge, Naomi Reice Buchwald, of Federal District Court in Manhattan, that he had begun organizing the festival with good intentions but had “greatly underestimated the resources” it would take to deliver the experience that was advertised. ___ Photo: Mark Lennihan | AP

Fyre Festival founder and CEO, Billy McFarland, pleaded guilty to two counts of wire fraud yesterday, and will face up to a decade in prison...