Co-Founder Of Fyre Festival Arrested Again, This Time For Selling Fake Tickets To A-List Events
Billy McFarland allegedly ran the operation while out on bail.
The co-founder of the ill-fated Fyre Festival, Billy McFarland, has been arrested for running yet another scam! The 26-year-old has now been accused of selling fake tickets to exclusive New York City events, all while out on bail.
On Tuesday, the FBI and U.S. Attorney’s Office for the Southern District of New York announced they were charging Billy with one count of wire fraud and one count of money laundering.
According to the complaint, Billy started a company called NYC VIP Access, which promised customers tickets to events like the Met Gala, the Grammy Awards, and the Super Bowl.
To conduct business, Billy used “the name of a then-employee (‘Employee-1’) in order to hide his affiliation with NYC VIP Access,” the complaint read. Billy is accused of running the scam from late 2017 to “at least in in or about March 2018.” He allegedly charged at least $100,000 from approximately 15 “customer-victims.”
In March, Billy pled guilty to two counts of wire fraud in connection to the Fyre Festival, including defrauding over 80 investors of over $24 million in losses. Billy charged $250,000 and up for tickets to the event, which ended up being a disaster where customers had inadequate housing, food, and even water.
Billy was set to be sentenced next week, but the complaint requests that his sentencing be postponed until his case can be amended to reflect the additional charges.
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