Sunday, 24 June, 2018

Fyre Festival Founder Billy McFarland Arrested On More Fraud Charges

Billy Mc Farland  sold nearly $100,000 worth of fraudulent tickets in the several months since he's been free Billy McFarland Charged for Coachella & Super Bowl Scam While Awaiting Sentencing for Fyre Festival
Freda Brock | 14 June, 2018, 01:31

With his own name tarnished after Fyre Festival's implosion in April 2017, McFarland is alleged to have hired as a person referred to as "Employee-1" as the public face of NYC VIP Access, and operated the business by using email and bank accounts established by that person.

McFarland pleaded guilty to wire fraud charges in March in a deal that called for him to serve between eight and 10 years in prison, although he has requested leniency with no incarceration.

McFarland, 26, sold fake tickets to exclusive events, including the Met Gala and Coachella, for several months while he was awaiting sentencing for charges related to the Fyre Festival, according to the Federal Bureau of Investigation and U.S. Attorney's Office for the Southern District of NY. His lawyer did not immediately comment.

Attendees at Fyre Festival in the Bahamas were promised a luxurious, private party, but instead found themselves eating bread and cheese sandwiches under a tent.

Cohen parting ways with lawyers as widening federal probe continues
This report follows a Vanity Fair story Tuesday that said Cohen is telling friends that he expects to be arrested at any moment. Cohen has found a new lawyer, but the name of Cohen's new lawyer was not yet known.

Billy McFarland was arrested on Tuesday on charges that he conducted a sham ticket scheme, selling fraudulent tickets to fashion, music and sporting events. Sweeney said in a statement, "McFarland allegedly went on to sell fraudulent tickets to many grand events, totaling nearly $100,000". Each carries a maximum sentence of 20 years behind bars. "He targeted the same victims who tried to attend his Fyre Festival".

A sentencing hearing has been set for next Thursday, June 21 for McFarland's new counts of wire fraud and money laundering.

Because of the new complaint, the government has asked the judge in McFarland's other criminal case - the one he pled guilty to in March - to suspend the sentencing scheduled for next week until it can amend its pre-sentencing report.

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

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