Fyre Festival Promoter Arrested on New Set of Fraud Charges

Lawrence Kim
June 13, 2018

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

MacFarland was charged Tuesday in NY with one count of wire fraud and one count of money laundering.

According to the Associated Press, Billy McFarland was arrested Tuesday on a new set of charges related to a recent ticketing scam.

Authorities say McFarland was conducting the scheme even after he pleaded guilty to wire fraud and misleading Fyre Media's investors. The event was advertised on social media by Kendall Jenner, Bella Hadid and other high-profile social media influencers.

His lawyer, Randall Jackson, argued Tuesday that McFarland had proven he was no risk to flee by surrendering when he learned Federal Bureau of Investigation agents were looking for him.

William McFarland, who is still awaiting sentencing for the failed festival, has now been charged by the Southern District of NY with selling tickets that did not exist to marquee sports and music events.

"We vigorously contest what is in this complaint", he told U.S. Magistrate Judge Gabriel W. Gorenstein in Manhattan. "McFarland allegedly went on to sell fraudulent tickets to many grand events, totaling nearly $100,000". Both carry sentences of up to 20 years in prison. They also allege that he may have committed bank fraud and identity theft in the past few months.

"Mr. McFarland is a serial fraudster plain and simple", prosecutor Kristy Greenberg told the judge.

Jackson said his client has been co-operative with the government and was ready to answer any questions.

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".

Other reports by Click Lancashire

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