McFarland pleaded guilty in connection to the Fyre Festival fiasco on March 6 to one count of wire fraud after defrauding over 80 investors out of $24 million, and another count of wire fraud for lying to the company selling tickets, which took over $2 million in losses, according to the Southern District of NY.
If you're wondering what the heck is going on, since McFarland's already scheduled to be sentenced after pleading guilty in the Fyre Festival case, it appears after his initial arrest he was still trying to run scams.
MacFarland was charged Tuesday in NY with one count of wire fraud and one count of money laundering. The 26-year-old has been accused of selling fraudulent tickets to sporting, fashion, and music events through his company NYC VIP Access.More news: Kim Jong-un the tough negotiator with Trump, says North Korean media
Fyre Festival founder Billy McFarland, who pleaded guilty to two counts wire fraud in March, was charged Tuesday with running a fraudulent ticket-selling scam while he was out on bail and faces new charges, federal prosecutors told the New York Times on Tuesday.
The festival was anything but the ultra-luxurious event promoted as "the cultural experience of the decade" and touted on social media by Kendall Jenner, Bella Hadid, Emily Ratajkowski and other models and celebrities.
"We vigorously contest what is in this complaint", his lawyer Randall Jackson told the judge. "McFarland allegedly went on to sell fraudulent tickets to many grand events, totaling nearly $100,000".More news: Trump, Iran trade sharp words over oil prices ahead of OPEC meeting
"The weight of the evidence here is quite strong", Greenberg said.
She said prosecutors were considering additional charges including bank fraud and an identity theft charge that would carry a mandatory two-year prison sentence upon conviction. "Mr. McFarland is looking at a significant term of imprisonment".
McFarland allegedly solicited Fyre Fest attendees to purchase "tickets" from the company.More news: Saudis Announce Start of Attack on Key Yemen Aid Port