Fyre Festival founder, and perhaps the most hated person in the music industry, Billy McFarland, pleaded guilty on March 6th to two counts of wire fraud. McFarland deceived festivalgoers–who were promised an exclusive VIP-only music festival–out of thousands of dollars which, in turn, ended into anything but an once in a life time experience.
McFarland originally pleaded not guilty to charges of wire fraud and falsifying bank statements back in October of 2017. However, that did not go far as McFarland was arrested in June.
Official sentencing will take place in July but it should be noted that wire fraud is a federal crime that carries up to 20 years per charge. Under the plea agreement, McFarland would likely face a sentence of 8-10 years and a fine of up to $300,000. U.S. Attorney Geoffrey S. Berman commented after McFarland’s guilty plea: “As he admitted today, William McFarland tendered fake documents to induce investors and ticket vendors to put more than $26-million into his company and the disastrous Fyre Festival.”