Awaiting sentencing, Fyre Festival promoter arrested again

Share
Awaiting sentencing, Fyre Festival promoter arrested again

Speaking in a statement, FBI Assistant Director-in-Charge William F. Sweeney Jr. said: "Today's charges depict our intolerance for such fraudulent activity, and we will continue to diligently investigate acts such as this".

Prosecutors said McFarland, 26, began running the scheme late previous year, several months after his arrest for defrauding Fyre investors out of $26 million.

Billy McFarland, center, accompanied by his attorney Randall Jackson, left, leaves federal court after pleading guilty to wire fraud charges, Tuesday, March 6, 2018, in NY.

The promoter of a failed music festival in the Bahamas who is awaiting sentencing on fraud charges was arrested on new fraud charges Tuesday, leading a judge to order his detention.

Back in March, Billy McFarland pled guilty to two counts of federal wire fraud in connection to the Fyre Festival scandal.

McFarland allegedly began running the ticket scheme in late 2017 - just months after his June 2017 arrest for defrauding Fyre Media investors out of $24 million. An attorney for McFarland did not immediately respond to Variety's request for comment. The company purported to sell "bogus" tickets to high-profile events like the 2018 Met Gala, Coachella 2018, the 2018 Grammy Awards, and Burning Man 2018.

McFarland allegedly targeted Fyre Festival customers and then laundered the fraud proceeds to "others' financial accounts in an effort to hide his ownership and control of the funds".

"The weight of the evidence here is quite strong", Greenberg said. Ticket-buyers reportedly then didn't either receive the tickets they paid for or didn't receive the tickets that were advertised.

Because of the new complaint, the government has asked the judge in McFarland's other criminal case - the one he pled guilty to in March - to suspend the sentencing scheduled for next week until it can amend its pre-sentencing report. Each carries a maximum sentence of 20 years behind bars.

Share

Advertisement

Related Posts

Raptors hire Nick Nurse as new head coach
Toronto fired Dwane Casey on May 11 after the team was swept by the Cleveland Cavaliers in the Eastern Conference semifinal. ESPN's Adrian Wojnarowski reports that the Raptors are hiring current Raptors assistant Nick Nurse as their new coach .

Dixons Carphone discovers unauthorised data access
We promptly launched an investigation, engaged leading cyber security experts and added extra security measures to our systems. He said: "Today's breach of Dixons data will have far reaching consequences for some time".

North American trio beats Morocco to host 2026 World Cup
The key number is 104 but there is also the freakish and unprecedented scenario where both bids get rejected. Instead of three automatic places in the tournament, six will be given by that time.

George and Charlotte goof off at William's polo match
Okay, okay, slight exaggeration but it is refreshing to see the royal family having a day out just like anyone else. The trio had a lovely time, with photographs showing them running around and smiling throughout the sunny event.

USA, Canada and Mexico to host football World Cup 2026
The World Cup will expand to 48 teams and 80 games for 2026 and the USA will stage 60 of those matches. Mexico has previously hosted two World Cups, in 1970 and 1986.

SNP MPs stage mass walkout during PMQs over Brexit
The House of Commons descended into chaos as the SNP Westminster leader Ian Blackford was expelled for trying to call a stunt vote in the middle of PMQs.

Wonder Woman 1984 First Look: Steve Trevor Is Alive?!
But according to a tweet that Jenkins sent out this morning.Trevor looks to be fine - albeit as confused as we are - in 1984. The " Wonder Woman " sequel is officially titled " Wonder Woman 1984 ", a nod to the film's new period setting.

G-7 summit with Trump was a ‘sobering’ experience, Merkel says
Trump called Trudeau " meek and mild " and " dishonest and weak " in a tweet for his stance on tariffs. Trudeau, who announced that the G7 had issued a joint communique, had to suffer the wrath of Trump.

Geraint Thomas wins Criterium du Dauphine
Yates said: "The Tour de France has been my main goal for the whole season". Emanuel Buchmann (GER/BOR) 14, 5. Pierre Latour (FRA/ALM) 35, 10.

Trump ‘can’t jump ahead’ in North Korea negotiations: Leon Panetta
Under the circumstances we are negotiating a complete deal", Trump said , adding "It is inappropriate to have war games. All of the concessions KCNA claims Trump made are also things China has said publicly it wants.

© 2015 ExpressNewsline. All Rights reserved.