Plea planned by promoter in failed Bahamas music festival

Getty Image

The Fyre Festival was promoted as a two-weekend event on the island of Great Exhuma with an opportunity to see big name acts, live in luxury accommodations and eat gourmet food.

Infamous Fyre Festival promoter Billy McFarland may have neglected to budget for toilets, but he still managed to drop more than $150,000 on a yacht for the band Blink-182, according to documents obtained by The Post.

"I deeply regret my actions, and I apologize to my investors, team, family and supporters who I let down", a chastened McFarland told U.S. District Judge Naomi Reice Buchwald in Manhattan.

Festival-goers were cooped up in FEMA tents and un-toasted cheese sandwiches that looked like something that had been thrown in the trash and packaged back up.

McFarland will now await his sentencing, which is slated to take place in July. Customers lashed out on social media with the hashtag #fyrefraud.

Chelsea not in crisis, says Giroud
In spite of that, Guardiola said he would not shift his attention to securing European glory just yet. "The quality. In terms of not just the results but the way we played, today was another demonstration.

Billy McFarland, 26, entered the plea in Manhattan federal court in a deal with prosecutors that suggested he serve between eight and 10 years in prison. McFarland agreed to pay restitution.

McFarland's sentencing hearing is set for June 21st. "Those lies included false documents and information".

The US claimed McFarland also altered a stock ownership statement to make it appear that shares he owned that were worth less than US$1,500 were actually valued at US$2.5 million, allowing him to personally guarantee an investment.

He was arrested and charged in late June, accused of using misrepresentations to raise millions of dollars by vastly overstating the app's revenues, the festival's prospects and his own finances. Now he will plead guilty. That would mean that McFarland could be facing a total of 40 years in prison.

As reported by Bloomberg, McFarland told a USA judge,"My intention and effort was directed to organizing a legitimate festival".

Related News:

Most liked

U.S. aircraft carrier in Vietnam on historic visit
The Vinson will mark the biggest us military presence in the country since 1975 when it berths in Danang for a five-day stay. Sputnik: What response can we expect to see from China? It marks a fine-tuning, rather than a turning point, in relations.

Chelsea players fear Conte is pushing Hazard out of Stamford Bridge
Who's Hazard voted for as "POTY"? "There are a few good players in the Premier League this season". For me personally it's hard to play a good game, when you only touch the ball three times.

Papua New Guinea: At least 18 killed in quake aftershock
Local media is reporting the death toll has grown to 75, after government officials previously said 55 people had been killed. But it was a tough task, as remote areas remained hard to reach due to the widespread damage and rough terrain.

NCAA men's basketball conference tournament brackets, scores, schedules for 2018 March Madness
The champion in each of those events earns an automatic bid to March Madness, so almost half of field will already know it's in. According to an updated bracket from ESPN, Texas and USC are expected to face off for a play-in game to the NCAA Tournament.

Broadway rallies behind Ruthie Ann Miles after auto crash kills daughter
Miles is a Tony victor for The King and I who has also been seen onstage in Sunday in the Park with George and Here Lies Love . Witness Debbie LaSalle was crossing the same intersection when she saw the Volvo speed by, she told the Daily News .

World's oldest known message in a bottle found near Perth, Australia
The oldest message in a bottle that has ever been discovered discovered in a walk on an Australian beach a family from Perth. A walk on the beach led to an fantastic discovery by one Australian woman - a 131-year old message in a bottle.

SC stalls probe against Major Aditya
The bench was headed by Chief Justice of India Dipak Misra and also comprised Justices A M Khanwilkar and D Y Chandrachud. The bench further informed that the in the meantime, there shall be no investigation on the basis of FIR till then.

Nothing was around before the origin of the universe: Stephen Hawking
According to Hawking's theories , this means that the universe literally did not exist before the Big Bang . I guess time has passed a certain pace, only to discover that this is only my idea", says Hawking .

New Toyota Auris debuts at 2018 Geneva Motor Show
In the UK, Toyota sold 101,692 units a year ago , of which hybrids made up 45,803 units - equating to 45%, similar to Europe . Based on customer feedback the brand has chose to offer its core models with a choice of two hybrid electric powertrains.

Teens exposed to five toxic chemicals from E-cigarettes Video
E-cigarettes contain additives and solvents, which can form carcinogenic compounds when heated, according to the study. The teens were divided into three groups: e-cigarette-only users, cigarette and e-cigarette users, and non-users.

Uber, Lyft Launch Efforts to Eliminate Transportation Barriers to Healthcare
Providers determine who is eligible based on need, and costs are covered by providers and sometimes defrayed by insurance. Additionally, the passenger isn't billed for the ride because the providers will cover the cost.

Blackberry sues Facebook over patent infringement
However, the BlackBerry spokeswoman Sarah McKinney said in an email that the litigation is "not central to BlackBerry's strategy". Facebook is facing a lawsuit from BlackBerry for infringing a messaging technology patent in a Los Angeles Federal Court.

United Airlines Executives Realized Bonus Lottery Was a Bad Idea
The new program, which has caused massive unrest among the employees, was announced via a memo last Friday by the President Scott Kirby.

Liverpool belong in Champions League quarters, says Klopp
Captain Jordan Henderson was set back by a dead leg, but told media after the game that he'll be good to go this weekend. We use cookies to give you the best experience on our website and bring you more relevant advertising.

Netflix's wild documentary 'Icarus' exposes Russian doping scandal
Grigory Rodchenkov , our fearless whistleblower who now lives in great danger". In his acceptance speech, Fogel said, "We dedicate this award to Dr.