www.therichest.com

Fyre Festival Scammer Gets Six Year Prison Sentence

The Fyre Festival was easily one of the biggest cons of the decade, and now, the brain behind it will face some serious jail-time.

Guests to the event were offered high-quality, eco-friendly residences for the time being, gourmet food, and, in some cases, there was even the promise of seeing bands like Blink-182 perform.

Now, none of those actually happened, the band didn't feel comfortable with the information that they would not have the tools they needed to perform correctly and the living areas were apparently described as a "tent city". The food also looked terrible and was clearly far from gourmet.

advertising

RELATED: FYRE FESTIVAL WHAT WENT WRONG — EXPLANATION & APOLOGY

Via Billboard

So over a year later, the Fyre Festival founder Billy McFarland found himself sentenced to six years in prison. He ended up being charged with multiple accounts of fraud for his actions.

McFarland and his legal team asked for leniency from the court. According to Vice News, he actually begged U.S. District Court Judge Naomi Buchwald for it.

She was somewhat lenient with his sentencing but could have gone way higher, in fact, it's said she could have gotten him in the clink for upwards of twenty years. She also mentioned that he was a serial fraudster and how his actions could not be excused, even if he was bipolar.

advertising

On top of all this, he was ordered to give a whopping $26,182,386. However, we don't know how much money he actually has at this current time.

Via VICE News

Many people found themselves present in the courtroom, especially investors who were cheated out of hundreds of thousands of dollars. One investor, Joe Nemeth, claims that McFarland's schemes “financially ruined my and my wife’s life.” They invested $180,000 and said that because of this he and his wife will now not be able to retire.

This isn't the only thing McFarland was arrested for either, in June, he got nailed for scamming people yet again. However, this time it was a little different. It was called NYC VIP Access and acted as a ticket selling system that gave access to events like The Grammy's. In that case, it's been reported that he tricked people out of $150,000.

advertising

Scams are way more common than people think. There's actually a ton of different ways to steer clear of them when trying to invest and that would be by sticking with traditional tools as well as talking the investments over with an advisor who might be able o ask some important questions on the investor's behalf.

NEXT: THINGS YOU DIDN'T KNOW ABOUT THE FAILED FYRE FESTIVAL

advertising
UK Bans Environmental Commercial For Being Political, Becomes Viral Hit

More in Things