Fyre Festival founder arrested for wire fraud in New York

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One of the men responsible for April’s disastrous Fyre Festival was arrested in New York City on Friday.

Billy McFarland, 25, is charged with wire fraud after allegedly defrauding investors in Fyre Media, his company. Fyre Festival was a luxury festival in the Bahamas that cost up to $4,000 per person, was supposed to feature acts including Skepta, Migos, Blink-182 and Major Lazer, and was billed as “a cultural moment created from a blend of music, art and food”.

US Attorney Joon Kim said that he had allegedly shown fake documents to investors to encourage them to put more than $1 million into both Fyre Media and Fyre Festival: “McFarland allegedly presented fake documents to induce investors to put over a million dollars into his company and the fiasco called the Fyre Festival”

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