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These photos reveal why the 26-year-old organizer of the disastrous Fyre Festival could spend 10 years in prison

Fyre

  • Fyre Festival organizer Billy McFarland pleaded guilty to wire-fraud charges in March. He will be sentenced on Thursday.
  • The 26-year-old was arrested in June 2017 after being accused of misleading investors who had poured investment into Fyre Media, the company behind the Fyre Festival.
  • On Tuesday, July 24, the SEC announced that McFarland, two companies he founded, a former senior executive, and a former contractor had agreed to settle the fraud charges made against them. According to the SEC’s press release, McFarland admitted to charges that he defrauded more than 100 investors out of $27.4 million.
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    Source : BusinessInsider.Com





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